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Interpret the ETH trend using a 1-hour Candlestick period.
[Price Trend Analysis]
1.Candlestick Patterns:
The 1-hour level shows that the recent price plummeted from a high of 4253.72 to a low of 4095, then rebounded to around 4140, forming a V-shaped reversal prototype. The latest Candlestick has broken through the previous high of 4133.88, but has not yet stabilized above the key integer level of 4150.
The daily level has seen three consecutive days of long lower shadows, indicating strong buying support in the 4100-4150 range. On October 26, a single-day increase of 204 USD formed a bullish engulfing pattern, but on October 27, the bearish candlestick retraced to the EMA7 moving average (4015).
2. Technical Indicators:
MACD: The 1-hour level DIF (2.74) and DEA (15.56) are still below the zero axis, but the histogram has narrowed to -25.65, indicating a weakening of bearish momentum. A -50.93/-85.09 bottom divergence has appeared at the daily level.
RSI: The 1-hour level is 48.45, exiting the oversold zone but not yet entering the 50 strength boundary. The daily level is 52.14, forming a double bottom structure.
EMA: The price on the 1-hour level has broken above EMA7 (4137.24), but is being suppressed by EMA30 (4139.37). The daily level EMA7 (4045.33) is about to golden cross with EMA30 (4093.91).
3. Trading Volume:
During the crash (October 27, 22:00), a volume sell-off of 35,740 occurred, but the trading volume of 25,911 at 04:00 on October 28 formed a panic selling low.
The trading volume during the current rebound phase (only 9720 at 09:00) has significantly shrunk, and we need to be cautious of the risk of a false breakout. The daily level trading volume of 487131 is an increase of 41% compared to the previous day's 344698, indicating a bottom volume characteristic. 10-28 09:47:44
[Buy and Sell Points]
Buy point 1: 4100 USDT (previous low 4095 forms double bottom support, combined with EMA 120-day line support band at 4031)
Buy point two: 4080 USDT (integer level support, 1% buffer below the October 27 crash low of 4095)
Long stop loss point: 4060 USDT (0.5% below the entry point, and with a safety margin above the daily EMA120 (4031))
Sell point 1: 4150 USDT (1-hour level EMA30 resistance + integer barrier selling pressure)
Sell point 2: 4180 USDT (previous wave high point 4188 and 1-hour level EMA120 (4031) rebound Fibonacci 38.2% position)
Short stop loss point: 4200 USDT (breaking the integer level + previous high 4195.79 will confirm the trend reversal)