#币安合约实盘 【Ethereum 4-Hour Price Movement Analysis】

Looking at the chart, ETH has taken a pretty sharp drop this time. The 4-hour chart has closed consecutive bearish candles, breaking below the 3,350 level, clearly entering a short-term downtrend. Extending the view to the daily chart, there are three consecutive bearish candles. The big drop on November 4 from 3,055 to 3,653 momentum stalled around 3,450. The 3,360 level on the monthly chart has been sideways for a long time, with bulls and bears locked in a tug-of-war.

From a technical perspective, what do the indicators say? The MACD on both the 4-hour and daily charts isn't looking great — the DIF and DEA lines have crossed below the zero line, and on the daily chart, MACD remains in negative territory, indicating that the bears are still in control. The RSI is also interesting: the 4-hour RSI is only 36.5, in the weak zone; the daily RSI has fallen to 33.74, approaching oversold levels but without any divergence signals yet. The moving averages are quite straightforward: the price is firmly below the EMA7 at 3,390, with EMA30 at 3,542 and EMA120 at 3,821 showing a clear bearish setup.

Volume changes are also noteworthy. On November 5, during the sharp decline, trading volume spiked to 2.97 million ETH. However, during the recent rebound, volume has been decreasing day by day. Notably, around noon on November 6, during the decline, volume reached 630,000 ETH in that period. Currently, trading volume in the 3,350–3,400 range is significantly below average, indicating a lack of strong momentum or directional push.

Personal view: The first target is around 3,280, with a second target at 3,250. If 3,250 doesn’t hold, then watch out for 3,150. The overall trend remains bearish, so short positions are relatively safer. If you’re looking to bottom-fish or go long, consider positioning near these levels, but take profits quickly if you double your position — don’t be greedy.

Analysis of BTC and SOL will follow shortly. For now, let’s focus on Ethereum!