【Crypto World】ETH price movement analysis over the past 4 hours. From the timeline perspective, the price at 16:00 on the 28th slightly increased compared to 12:00, but compared to 16:00 on the 27th, it actually rebounded, though it retreated again before midnight on the 28th. Overall, it shows a large bullish candlestick pattern, with the last candlestick closing higher than it opened—indicating that the bulls are still in control.
However, the trading volume is worth noting: the volume decreases hour by hour, while the price continues to rise. This is a typical sign of bullish momentum exhaustion. Price-volume divergence often signals a potential reversal.
From a technical indicator perspective, the MACD histogram has shifted from negative to positive, indicating that the bulls are gaining strength, but no clear trend has been established yet. The KDJ indicator shows a death cross, with the current KDJ value at 56, which is a neutral position, reflecting market hesitation.
Based on these data, the reference levels are as follows:
Long entry: 2903.95 (First buy point) or 2909.0 (Second