Price Trend Analysis

1. Candlestick Patterns:

- Recent prices have been fluctuating within the 2950 to 3050 range, with a long upper shadow on December 29th, indicating significant selling pressure above.

- The latest few candlesticks have small bodies, showing that bullish and bearish forces are approaching balance, but there is still some downside risk.

2. Technical Indicators:

- MACD: The 4-hour DIF and DEA averages are converging upward, with the red histograms shortening, indicating weakening momentum; on the daily chart, MACD is near the zero line, with no clear trend.

- RSI: The 4-hour RSI is at 53.4, close to the neutral zone, not entering overbought or oversold areas; the daily RSI is also around 50, showing that market sentiment is currently neutral.

- EMA: The 4-hour EMA7 (2977.4) is close to the current price, providing support; EMA30 (2966.3) acts as a secondary support level; EMA120 (2987.4) forms a short-term resistance.

3. Volume:

- Daily trading volume has been gradually decreasing, falling back after the high point on December 29th, indicating reduced market activity.

- The 4-hour volume fluctuations are minor, suggesting that short-term funds are in a cautious, wait-and-see mood. $ETH ‌$BTC ‌