Price Trend Analysis

Conclusion: ETH is consolidating in a sideways adjustment on the 4-hour timeframe, with a fluctuation range of 4550-4750.
K-line pattern:
A double top pattern has appeared on the 1-hour level (around 4670). The recent high of 4670.28 failed to break the previous high of 4692.36, forming short-term resistance. On the daily level, there have been three consecutive days of long lower shadows (4576-4637), indicating strong buying below 4600, but there is significant selling pressure at the round number of 4700 above.
Technical Indicators:
MACD: The 1-hour level DIF crosses above DEA (-1.38/-6.8), but the histogram is shrinking, indicating short-term bullish momentum is insufficient; the daily MACD shows a golden cross (89/71), but the histogram is flattening, and we need to be wary of high-level divergence. RSI: The 1-hour RSI (51.44) is neutral to weak, not overbought or oversold; the daily RSI (59.99) is close to the overbought zone, and if it breaks 62, it may accelerate upward. EMA: The 1-hour EMA7 (4636) is converging with EMA30 (4633), direction is unclear; the daily EMA7 (4555) has strongly crossed above EMA120 (3608), indicating a bullish long-term trend.
Trading Volume:
The 1-hour level volume is concentrated in the range of 4576-4633 (with a trading volume of 74545), and the support is effective; recently, when rebounding to 4670, the volume shrank (11728), indicating insufficient breakthrough momentum. On the daily chart, the sharp drop on September 14th saw a surge in volume (278,000), followed by a rebound the next day with reduced volume (76,000), suggesting that the bearish forces have not been fully digested.
(Note: Key integer levels reference 4650/4700 resistance, 4600/4550 support, strictly following EMA30 and previous low stop-loss logic) #ETH