ETH 4-hour chart analysis: After the increase in both volume and price, can the resistance level at 3413 be broken?

【CryptoWorld】Glanced at the 4-hour chart of ETH, and recent movement is quite interesting.

From 4:00 PM on December 10th to now, the price first retraced, and after hitting the bottom at 4:00 AM on the 11th, it started to rebound. By around noon, the increase was quite noticeable, closing with a small bullish candle. The latest candle continues to close as a bullish candle, with the close above the opening price.

The change in volume is worth noting — it has significantly increased in recent hours. The price rise is accompanied by volume follow-through, and this combination of rising price and volume indicates growing bullish sentiment, not a fake surge with no volume.

From a technical perspective, several key signals:

Regarding MACD, although no clear trend has formed yet, the histogram remains negative but is gradually narrowing, indicating bullish momentum is building. The KDJ has formed a golden cross, with current values near 3, entering an oversold rebound zone. In terms of moving averages, the MA10 on December 11th at 4:00 PM and 8:00 PM both stood above the MA30, with short-term moving averages pressing down on long-term moving averages.

Let’s map out specific levels: The recent high touched 3390.71, and the lowest dipped to 3027.01. Current key support is around 3059, with resistance near 3413.

For a long position setup, watch these two levels: 3075.52 and 3035.88, with a stop-loss suggested below 3011.87. The target can be set between 3413 and 3414.44. For a short position, consider a stop-loss above 3407.66.

Overall, short-term technical indicators lean bullish, but whether it can break through the 3413 resistance level still needs to be observed.