ETH/USDT 4-Hour K-Line Analysis: Rebound Meets Resistance and Falls Back, Medium-Term Downward Pressure Continues

Key Support and Resistance Levels

• Resistance Levels

1. First Resistance: 2,978.50 (MA10), is the immediate barrier to short-term rebound. Breaking through this level could see the price aiming for the 3,000 mark.

2. Second Resistance: 3,002.91 (MA20), this medium-term moving average is an important dividing line between bulls and bears.

3. Third Resistance: 3,086.59 (MA30), only after breaking this level can the medium-term downward pressure be alleviated.

• Support Levels

1. First Support: 2,900 integer level, is the current short-term psychological support during consolidation.

2. Second Support: 2,863.86 (recent low), is the extreme low point of this decline. Falling below this could open a new round of downward space.
Technical Indicator Analysis

• Moving Averages: Price is trading below all moving averages, with the medium-term MA showing a bearish arrangement. MA5 and MA10 are turning downward, indicating the medium-term downtrend remains unchanged, and short-term rebound momentum is insufficient.

• MACD Indicator: MACD value (3.34) is close to zero, with the DIF line approaching the DEA line upward. The green bars are narrowing, indicating decreasing downward momentum, but a clear golden cross has not yet formed, and rebound strength is weak.

• RSI Indicator: The value is 35.34, in a neutral to slightly bearish zone, not yet entering overbought territory, reflecting that bullish strength still needs further accumulation.

• Volume: During the pullback, trading volume has decreased, showing that selling pressure is temporarily easing. However, volume during the rebound has not effectively increased, and market sentiment remains cautious.
Summary and Trading Suggestions

Currently, ETH/USDT is in a pattern of “rebound meets resistance and falls back, medium-term downward pressure persists.” If the price breaks above 2,978.50 (MA10) with increased volume and stabilizes, a bullish outlook can be considered, targeting the 3,000 level. If it retests and falls below 2,900, caution is advised for a second bottom. The key support to watch is the 2,863.86 level. #黄金白银再创新高