ETH 4-hour chart: Volume is shrinking and bulls are losing momentum, with key levels in the 2775-3328 range.

Looking at the trend of ETH in the last 4 hours, at 8 p.m. on December 4, the wave rose quite sharply, and the big yang line took off directly, but it still fell a little compared with the zero point on December 4. Now this K-line closes positive, but the trading volume has shrunk significantly, the price and volume can both weaken, and the market is a bit deserted.

There are several key signals on the technical side: Although the MACD histogram is still above the zero axis, it is obvious that one is shorter than the other, and the bulls are losing their strength. KDJ is now floating around 76, and there is no golden cross death cross, which is considered neutral. MA10 has been pressed above MA30 for two consecutive time periods, which is a downward trend pattern according to the moving average system, a typical volume-price divergence.

The current price range is stuck between 2740.8 and 3210.13. If you want to go long, you can pay attention to 3012.43 and 2724.75, and the stop loss is set at 2727.1, which is safer; if you go short, 3328 and 3260.53 are the two shipping points, and the stop loss is above 3226.18. Support looks at the 2775 line, and the pressure level is the previous high of 3328.

Generally speaking, there is no obvious advantage in long and short now, and it is recommended to wait for the direction to be clear before entering, don’t rush to chase.