ETH 4-hour K-line technical analysis: Oversold signals appear, and bullish momentum gradually accumulates

【CryptoWorld】Looking at ETH’s recent 4-hour trend, there are a few points worth noting.

Price Trend Analysis From a time perspective, the price experienced slight fluctuations between 16:00:00 and 20:00:00 on 2025-12-23. It then rebounded compared to 12 hours ago, but still declined compared to the same period the previous day. The latest candlestick closed bearish, with the closing price below the opening price, forming a bearish engulfing pattern — indicating selling pressure still exists, but its strength is waning.

Volume Analysis Trading volume has significantly decreased. Recent trading activity is indeed low, and the simultaneous decline in price and volume suggests limited market participation at the moment, with a generally cold atmosphere.

Technical Indicator Signals The MACD histogram remains negative but is gradually shortening, which is a positive sign — indicating bearish momentum is weakening, and the bulls are quietly accumulating strength. The KDJ indicator shows no clear golden or death cross yet, but the KDJ value has dropped to the oversold area of 16, often signaling a potential rebound.

Key Price Levels The current nearest support is at 2923.0, and resistance is at 3051.0. For bullish outlooks, focus on buy points one (2798.46) and two (2930.07), with stop-loss set at 2913.95. For bearish outlooks, sell point one is at 3051.0, and sell point two at 3081.28, with stop-loss at 3067.85. The highest point touched 3052.59, and the lowest was 2928.59, with limited volatility.

Overall judgment: Although there is a sense of coldness in the short term, the technical signals already reveal bottom characteristics, and signs of bullish accumulation are becoming increasingly evident.