ETH Price Trend on 1-Hour Chart

【Price Trend Analysis】

1. Candlestick Pattern:
Recently, a long upper shadow appeared on the 1-hour chart (e.g., the high of 2000.32 at 02:00 on March 04), indicating strong selling pressure above.

The daily chart has closed bearish for three consecutive days, forming a descending three-method pattern, dominated by bears.

2. Technical Indicators:
MACD: On the 1-hour chart, DIF and DEA have a death cross below the zero line; on the daily chart, the histogram continues to shrink.

RSI: The 1-hour RSI remains in the neutral zone of 45-52; the daily RSI is at 42.96, indicating weakness.

EMA: Price has broken below all EMA lines (7/30/120), showing a standard bearish alignment.

3. Volume:
Significant volume increase during sharp declines (e.g., 23:00 on March 03 with a volume of 38418).

Volume contracts during rebounds (current hour only 1264 volume), lacking buying support.
【Buy and Sell Levels】

Buy Point 1: 1950 USDT (round support level, near previous low of 1958.76, with EMA120 at 1973 providing support)

Buy Point 2: 1930 USDT (key low at 1929.56, RSI oversold rebound demand)

Long Entry Stop Loss: 1915 USDT (1% buffer after breaking below previous low of 1929.56)

Sell Point 1: 1980 USDT (resisted by EMA7 at 1975, previous high at 1989.8 as supply zone)

Sell Point 2: 2000 USDT (round number + daily EMA30 strong resistance at 2014)

Short Entry Stop Loss: 2020 USDT (break above 2000 shifts previous high at 2035.46 upward, increasing resistance)

ETH 1-Hour Price Trend: Down