ETH Hourly Cycle Analysis

Conclusion: ETH continues to build a center, consolidating sideways, and can start at any time.
Price Trend Analysis
K-line pattern:
In the last hour, the K-line was blocked and fell back at the 4300 round number, forming an upper shadow. After a breakout with increased volume at the 4275 resistance level in the previous hour, it failed to continue rising.
The daily chart shows a pattern of three consecutive bearish candles, which is a normal technical pullback following the long bullish candle (+260 points) on August 20, with key support at the previous low of 4220.
Technical Indicators:
After the MACD golden cross on the hourly chart, the DIFF crosses above the zero line, but the red bars begin to shorten, indicating a weakening of short-term momentum.
RSI14 hovers around 55, not yet entering the overbought zone but showing signs of a bearish divergence, caution is needed for pullback risks.
The EMA7/30 hourly chart forms a bullish arrangement ( 4277 > 4266 ), and the current price is operating above the short-term moving average, but the EMA120( 4299 ) constitutes strong resistance above.
Trading Volume:
At 10:00, there was a surge with a trading volume of 33,546. In the subsequent rebound, the volume continued to shrink to 2,731, indicating insufficient follow-up buying.
The daily level maintains a base volume of over 100,000 contracts, with the massive long bullish candle of 728,000 contracts on August 20 establishing a mid-term bullish trend.