ETH 4-Hour K-line Technical Analysis: Price-Volume Divergence Warning and Key Level Review

【Crypto World】ETH price movement overview for the past 4 hours. From the timeline perspective, the price at 16:00 on the 28th slightly increased compared to 12:00, but compared to 16:00 on the 27th, it actually rebounded, though it retreated again before midnight on the 28th. Overall, it shows a large bullish candlestick pattern, with the last K-line closing higher than the opening—indicating that the bulls are still in control.

However, the trading volume is worth noting: volume is decreasing hour by hour, while the price is rising, which is a typical sign of bullish momentum exhaustion. Price-volume divergence often signals a potential reversal.

Looking at technical indicators: The MACD histogram has shifted from negative to positive, indicating bullish effort, but no clear trend has been established yet. The KDJ has formed a death cross, with the current KDJ value at 56, a neutral position, reflecting market hesitation.

Based on these data, the reference points are as follows: Long Entry: 2903.95 (First buy point) or 2909.0 (Second buy point), stop loss set at 2889.43 Short Consideration: 2964.92 (First sell point) or 2969.0 (Second sell point), stop loss set at 2979.74 Support Level: 2909.0 | Resistance Level: 2969.0 Amplitude Range: 2903.95 to 2964.92

Overall, although there are signs of bullish revival, the weakening momentum cannot be ignored. Short-term caution is advised, especially watching the performance within the 2909-2969 range.