ETH 4-hour oversold rebound signal appears suddenly: key levels to watch

【CryptoWorld】According to the latest 4-hour candlestick chart, ETH’s recent market movement is quite interesting. Compared to the low point at midnight on December 12th, the price has indeed increased significantly. It also rebounded from the previous day’s 20:00 level, but the last two candles turned downward, closing below the open—classic sign of a pullback after a rally.

Trading volume is particularly noteworthy here: as the price rises, the trading volume actually shrinks. This indicates that the upward momentum is weakening, and bullish enthusiasm is fading.

What do technical indicators say? The MACD histogram has remained negative, but it is becoming shorter, suggesting the bearish momentum is waning. The KDJ indicator shows an oversold condition with a value of just 18, which is a bullish signal. The key point is that the MA10 has already broken above the MA30 (confirmed at 04:00 and 08:00 on the 12th), indicating a short-term rebound potential.

Therefore, from a trading perspective, these levels might be worth paying attention to:

Support and Resistance

• Recent support around 3104
• Resistance at 3404
• High at 3390.71, low at 3059.85

Entry Points

• First entry at 3080.46
• Second entry at 3072.83
• Bullish stop-loss at 3044.55

Exit Targets

• Sell targets at 3404 and 3410
• Bearish stop-loss at 3407.66

In summary, the technical outlook in the short term does support a rebound, but whether it can truly break through 3404 depends on subsequent trading volume.