Price Trend Analysis

Conclusion: ETH is fluctuating in the hourly cycle, with a fluctuation range of 4500-4700 (rounded to the nearest integer).
1. K-line pattern:
1-hour level: The price has formed a short-term double top near 4600 (4643.93 and 4641.77), followed by a pullback to 4588.4, indicating strong selling pressure at the 4600 key level. Daily level: A large bullish candle appeared on August 26 (4310→4632.92), but on August 27, it failed to continue the upward trend, closing with a small bearish candle, forming a short-term stagnation signal.
2. Technical Indicators:
MACD: The 1-hour level DIF (27) crosses below DEA (21), and the MACD bars are shrinking, indicating weakened short-term momentum; at the daily level, the MACD shows a high-level death cross (220→239), necessitating caution against retracement risks. RSI: The 1-hour RSI (56) has fallen from the overbought zone, and the daily RSI (58) is close to overbought but has not breached 70, showing that bullish momentum has not yet been exhausted. EMA: The 1-hour EMA7 (4596) crosses above EMA30 (4554), but the price has fallen below EMA7; the daily EMA7 (4558) crosses above EMA30 (4213), indicating that the medium to long-term trend remains bullish.
3. Trading Volume:
1-hour level: The volume increased from 12:00 to 13:00 (238021→158759) accompanied by a price surge followed by a pullback, confirming selling pressure above 4600. Daily level: Huge increase in volume on August 26 (6833124), but a decrease in volume on August 27 (1228462), indicating insufficient willingness to chase higher prices. #ETH#