【CryptoWorld】I took a look at the 4-hour chart of ETH, and this recent movement is quite interesting.
From 4:00 PM on December 10th until now, the price initially retraced, hitting a bottom at 4:00 AM on the 11th, then began to rebound. By noon, the rally was quite noticeable, closing with a small bullish candle. The latest candle continues to close positively, with the close above the open price.
The change in volume is noteworthy—recent hours have seen a significant increase. As the price rises, volume also follows, indicating that the bullish sentiment is heating up. This simultaneous increase in price and volume suggests genuine buying interest, not a false rally with no volume.
From a technical perspective, several key signals stand out:
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 around 3, entering oversold territory and rebounding. On the moving averages system, the MA10 was above the M at 4:00 PM and 8:00 PM on December 11th.