ETH 4-hour chart volume-price divergence, bullish momentum fading — Key price level trading guide

【Crypto World】Looking at the recent 4-hour K-line of ETH, the situation is quite interesting. The price has experienced significant fluctuations compared to a few days ago: after a sharp decline at 4 pm on the 19th, it rebounded somewhat from the level at 8 pm on the 18th, but in the last 4 hours, there has been some pullback. However, the last candlestick is a bullish candle, closing above the opening price, which somewhat supports the bulls.

But there is a key signal worth noting—divergence between volume and price. The price is rising, but trading volume is shrinking, which directly indicates that the upward momentum is weakening. The MACD histogram remains positive, which should be a bullish signal, but the problem is that these bars are gradually getting shorter, showing that the bullish strength is clearly waning. The KDJ indicator currently shows no obvious golden cross or death cross, remaining neutral, with a KDJ value as high as 79, indicating the market is in overbought territory. Coupled with MA10 being above MA30, the short-term moving average is above the long-term moving average, but considering the divergence between volume and price, this upward momentum may not last long.

From a technical perspective, specific trading references are as follows: if you want to go long, 2781.93 and 2779.0 are two potential entry points, with a stop-loss set at 2768.02. For short positions, targets are 3156.73 and 3039.0, with a stop-loss at 3172.51. The recent support level is at 2779.0, and resistance is at 3039.0. The recent high is 3156.73, and the low is 2781.93.

Overall, this market is in a no-trend situation, with weak upward momentum but no clear downward signals. It requires waiting for volume to recover or a breakthrough of key levels to confirm the direction.