Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Futures Kickoff
Get prepared for your futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Interpreting ETH Price Movement Using 1-Hour Candlestick Charts
【Price Trend Analysis】
1. Candlestick Patterns:
Recently, long upper shadows have appeared (e.g., at 16:00 on the 15th, high of 2096.82, close at 2069.2), indicating strong selling pressure at the 2100 round number level.
After forming a low of 2030.9 at 11:00 on February 15, a rapid rebound occurred, establishing a short-term support level.
The daily chart shows three consecutive days of bearish candles, with the price breaking below the EMA7 moving average (2055.97).
2. Technical Indicators:
MACD: On the hourly chart, DIF crosses below DEA to form a death cross (20:00 data 1.49/5.38), and the daily MACD histogram shifts from positive to negative (28.48→-234.10).
RSI: The hourly RSI14 hovers between 45-50 (latest 47.03), not entering oversold territory but lacking upward momentum.
EMA: The price has fallen below all key EMAs (7/30/120-hour moving averages are in a bearish alignment at 2068.44/2067.69/2037.71).
3. Volume:
During the sharp decline at 16:00 on February 15, volume expanded to 27,316, confirming the validity of the breakout.
When rebounding to the 2080 area, volume significantly shrank (only 10,416 at 18:00), indicating insufficient buying pressure.
On the daily level, volume reached 378,741, higher than the previous day, forming a volume-price resonance with the downward movement.
【Buy and Sell Points】
Buy Point 1: 2030 USDT (support level before 11:00 on February 15, round number level)
Buy Point 2: 2015 USDT (a 1.5% decline from the first buy point, near the 120-day moving average at 2037, serving as a buffer zone)
Long Entry Stop Loss: 2000 USDT (break below the 120-day moving average and the round number support level)
Sell Point 1: 2080 USDT (resistance above the EMA30 at 2067.69, a round number pressure level)
Sell Point 2: 2100 USDT (resistance zone before 16:00 on February 15 + key round number level)
Short Entry Stop Loss: 2115 USDT (break above the historical high of 2103.32, forming a technical buy zone)
ETH 1-Hour Price Trend: Down