Interpret the ETH trend using a 1-hour Candlestick period.

[Price Trend Analysis]

1.Candlestick Patterns:

1-hour level short-term rebound: Quickly rose from the low of 3090 on November 15 to 3230, forming a V-shaped reversal, currently oscillating around the price of 3210. Key resistance level at 3230 (recent high), support level at 3180 (coinciding with EMA30 and a round number).

Daily level bottom reversal: On November 15, a long bullish candle (3110-3230) broke through the previous day's bearish candle body, with increased trading volume, forming a bullish engulfing pattern. Key resistance level at 3312 (EMA120), support level at 3150 (previous low).

2. Technical Indicators:

MACD: The 1-hour level DIF crosses above DEA to form a golden cross (0.2/-8.27), with the histogram turning red and expanding; the daily MACD remains negative (-48.58), but the histogram is contracting, indicating weakening bearish momentum.

RSI: 1-hour level 55.14 (neutral to strong), not overbought; daily level 36.23 rising from the oversold zone, with potential for further rebound.

EMA: The price at the 1-hour level is stable above EMA7(3193) and EMA30(3189), but EMA120(3312) still constitutes resistance; at the daily level, the price remains below all EMA moving averages, with EMA7(3308) serving as the boundary for short-term strength and weakness.

3. Trading Volume:

1-hour level breakout with increased volume: On November 16 at 01:00, the trading volume during the rally was 51457 (recent peak), validating the strength of the buying pressure.

Daily level volume-price coordination: On November 15, the rebound was accompanied by a trading volume of 295967, which decreased from the previous day's 890446, but is above the average volume level, and continuity needs to be observed.

[Buy and Sell Points]

Buy point 1: 3180 USDT (integer level + EMA30(3189) support, previous low 3162 forms the buying area)

Buy Point 2: 3150 USDT (the previous low of 3150 on the daily chart resonates with the swing low of 3145 on the hourly chart, providing better risk-reward ratio)

Long stop loss point: 3130 USDT (break through the secondary support level before the November 15 low of 3110, controlling the stop loss space within 1%)

Sell Point 1: 3230 USDT (recent high point on the 1-hour level + integer resistance level, reference for volume stagnation signal)

Sell Point 2: 3260 USDT (EMA120 moving average resistance level 50 points below 3312, meeting the 1% interval requirement)

Short stop loss point: 3280 USDT (may trigger short stop-loss orders after exceeding 3260, and is close to the daily EMA7( strong resistance)

ETH's 1-hour price trend: Up