Interpreting ETH Price Movement Using 1-Hour K-Line Chart

【Price Trend Analysis】

1. K-Line Pattern:

Recently, a hammer candlestick with a long lower shadow appeared (e.g., January 26, 00:00), indicating strong buying support below.

Three consecutive bullish (upward) candles on the 1-hour chart broke through the 2900 level, forming a small upward channel.
2. Technical Indicators:

MACD:
On the 1-hour chart, DIF and DEA crossed bullish below the zero line, with the histogram turning positive (-0.77/-8.39/15.23).

RSI: The 14-period RSI is at 53.99, in the neutral zone, not entering the overbought area.

EMA: The 7-day moving average (2893.9) crossed above the 30-day moving average (2890.8), indicating a short- to medium-term bullish alignment.
3. Volume:
Volume increased to 130,000 when breaking through 2900 (January 26, 20:00).

Support was found at the previous low of 2785 with a volume of 190,000 (January 26, 07:00).
【Buy and Sell Points】

Buy Point 1: 2885 USDT (Support zone formed by the previous low of 2883.59 and the EMA30 at 2890.8)

Buy Point 2: 2865 USDT (Round up from the January 26, 12:00 low of 2848.47, combined with EMA120 long-term support)

Long Entry Stop Loss: 2845 USDT (Below the key integer level of the January 26, 11:00 low of 2839.46)

Sell Point 1: 2935 USDT (January 26, 16:00 high, facing round-number resistance, close to EMA120 weekly resistance at 2954.42)

Sell Point 2: 2965 USDT (Above the daily EMA120 at 2954.42, near the round-number barrier before the January 23 high of 3020.45, in the supply zone)

Short Entry Stop Loss: 2985 USDT (Triggered after breaking through the historical trading dense zone of 2970-2980, closing the short position)

ETH 1-Hour Price Trend: Up