Price Trend Analysis

Conclusion: ETH continues to decline, focusing on support at 4600 and 4500.
K-line patterns:
1-hour level: Recently, there have been long upper shadows (such as the high point of 4797.97 at 08:00 on August 25) and long lower shadows (such as the low point of 4656.48 at 14:00 on August 25), indicating fierce competition between bulls and bears. A short-term consolidation range has formed between 4700 and 4800.
Daily level: On August 22, a breakout long bullish candle was formed (4207→4887), but currently, there have been three consecutive days of bearish candles, creating a "dark cloud cover" pattern, indicating caution for short-term top risk.
Technical indicators:
MACD: The 1-hour level DIF has crossed below the zero line (-16.2), and the daily level red bars are continuously shrinking (12.12→22.26), indicating weakening momentum.
RSI: The 1-hour level is 38.0, not reaching the oversold zone, while the daily level is 61.83, still in a strong zone but turning downwards, caution is needed for divergence.
EMA: The price on the 1-hour level has fallen below EMA7 (4720.6) and EMA30 (4755.0), but is supported by EMA120 (4606.7). On the daily level, EMA7 (4605.62) still maintains a significant positive divergence from the price.
Trading Volume:
Crash Day (August 25, 08:00) accompanied by a massive volume of 50,072, but the trading volume decreased during the rebound phase (only 18,182 at 14:00), indicating weak buying pressure.
Daily level: On August 22, it broke through with a volume of 1.27 million. Recently, the daily trading volume has been maintained at 180,000 to 190,000, and there has been no panic selling volume. #ETH#