ETH 4-hour technical breakout analysis: Bulls poised to surge

【Crypto World】Looking at ETH’s recent 4-hour trend, the price performance is quite interesting. From the afternoon of January 4th until now, there has been a clear rebound trend, but the recent pullback is also worth noting—although the overall gains are still substantial, there has been some slight retracement. The chart shows a small bullish candlestick pattern, with the last candlestick being a standard bullish line, closing above the opening price.

Trading volume has obviously become more active. The transaction volume in the past few hours has been steadily increasing, with good price-volume cooperation, indicating that the momentum behind this upward move is still quite strong.

From a technical perspective, several indicators give different signals. The MACD does not show any particularly obvious trend signals, but the histogram has been in the negative zone and is gradually getting shorter—this suggests that the bullish forces are slowly gathering. The KDJ has already generated a golden cross, showing a neutral overall performance. The relationship between the two moving averages (MA10 and MA30) also confirms this: MA10 is above, with timestamps at 16:00 and 20:00 on January 5th, indicating that the short-term moving average is leading.

However, there is a risk signal to watch out for: the RSI has already surged above 70, which is a warning of overbought conditions and may lead to a pullback after a rally.

Technical Reference Suggestions:

• If bullish, the first buy point is at 3063.74, the second at 2986.95. Set the stop-loss for long positions at 2963.64.
• For selling positions, the first target is 3220.0, the second target is 3247.89. Set the stop-loss for short positions at 3241.11.
• Recent support level is at 3070.0, resistance at 3220.0.
• The highest point reached was 3224.99, and the lowest dropped back to 2978.53.

Overall, ETH on the 4-hour chart shows a tug-of-war between bulls and bears, but the bulls are slightly in the lead. In the short term, it may fluctuate around the 3220 level, and a breakout confirmation is needed.