ETH 4-hour K-line analysis: Bullish momentum is weakening, and the key support level is now 2781

【Crypto World】The ETH trend in the past 4 hours shows a clear weakness. The price has been falling sharply since noon on December 19, and although there was a rebound compared to the night before, the overall trend remains downward. The last candlestick closed bearish, with the closing price below the opening price, a typical sign of bearish dominance.

Trading volume is also interesting—recent transactions have significantly shrunk. Although the price has slightly risen, the volume has decreased simultaneously, which is a warning that upward momentum is gradually waning. From the MACD perspective, the histogram is still in the positive zone, but the problem is that it is continuously shortening, indicating that the bullish forces are gradually diminishing. The KDJ indicator is currently in the overbought area (value 81), with no new golden cross or death cross appearing, but the overbought condition itself suggests limited room for a rebound.

According to technical analysis, the current key levels are as follows: recent support is locked at 2781, divided into two levels (2781.93 and 2781.0), where buying pressure may be concentrated. Resistance is at 3033.0, with stronger resistance above at 3156.73. If you consider going long, stop-loss should be set at 2768.02; for short positions, the stop-loss is at 3172.51.

Overall, the market is currently in a stalemate between bulls and bears, with no clear trend, but rather showing signs of weakness. Observers may need to wait for a clearer directional confirmation.