Technical analysis of ETH 4-hour Candlestick after a sharp fall: Overview of support and resistance

2025-12-21 08:00:13

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【Coin World】ETH has shown weakness in the last 4 hours. Starting from 16:00 on December 20, the price has significantly declined, even falling below the low point of 20:00 on the same day, showing a noticeable drop compared to 12:00 on December 19. The last Candlestick closed in the red, with the Closing Price lower than the Opening Price, a typical short positions signal.

The trading volume is quite interesting - while the price is falling, the trading volume is actually increasing. What does this indicate? The selling pressure has clearly intensified.

From a technical indicator perspective, the situation is indeed quite subtle. The MACD histogram is still in the positive range, but its height is gradually shrinking, indicating a clear decline in bullish strength. The KDJ indicator has not yet shown a significant golden cross or dead cross, remaining in a neutral to weak state, with a KDJ value of 69. Looking at the moving averages, MA10 is still above MA30 (data from December 20 at 20:00 and December 21 at 00:00 confirm this), but this state has become less reliable during the downtrend.

Overall, there are no明显的趋势信号 in the short term, and the market is still in a震荡消化.

From the perspective of key levels, the current support level is at 2791.0, which is also the second potential buying point. The first buying opportunity is at 2781.93. If you want to go long, the stop loss can be set at 2768.02. Conversely, if you are bearish, the first selling target is 2989.41, the second target is 3064.0, and the stop loss for short positions is at 3004.36.

The recent high is at 2989.41, the low is at 2781.93, and the resistance level is at 3064.0. Overall, this is a standard corrective movement, and the subsequent direction will depend on whether the trading volume can be maintained or further increased.

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CoffeeNFTrader

· 8h ago

The trading volume is expanding while still falling, this is ridiculous, the sell orders really can't hold up.

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SleepTrader

· 8h ago

The price is falling while the volume is increasing, I've seen this too many times, and the result is always the same, it will continue to fall. --- The MACD bars are shrinking again... should have cut the position long ago. --- KDJ is only at 69? Ha, I don't have the guts to buy the dip at this position. --- Does the MA still want to hold? Don't joke, it's just a matter of time before it drops. --- With such heavy selling pressure, I've chosen to stay on the sidelines and wait for signals before making a move. --- The short position signals are so obvious, is someone still leveraging? Crazy. --- Volume increases while price falls, isn't this the standard for dumping? I don't believe this rebound. --- If the MACD completely falls into the negative, that would really be critical.

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InscriptionGriller

· 8h ago

The divergence between volume and price is a signal that the trap for suckers is starting to turn. The MACD is shrinking, and the KDJ hasn't reached a death cross yet, which seems like there is still hope, but in reality, it's just a brief flicker of light before Musk leads the way. The MA10 is still holding up, but it will eventually be broken through; this is just the way of the funding schemes.

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