ETH Hourly Cycle Trend Analysis

Conclusion: Trend is bearish, hourly cycle continues to decline, first pay attention to 3750, when to enter at 3400? Follow me.
K-line Pattern: 1-hour level: A clear descending channel has recently formed, with the lows of 3855 (14:00) and 3840 (13:00) creating a double bottom prototype, but it has not broken through the neck line at 3896 (15:00). The latest K-line is suppressed by EMA7 and closed down. Daily level: The long upper shadow bearish candle on October 20 (4085→3979) confirms strong selling pressure above 4000, and on the 21st, the downtrend continues, breaking below the 3900 round number, forming a three consecutive bearish arrangement.
Technical Indicators: MACD: The 1-hour DIF and DEA are accelerating divergence below the zero axis (-29.8/-19.27), with a daily level showing an expansion of the -45.41 histogram, indicating a strengthening bearish momentum. RSI: The 1-hour level at 36.12 is in the weak range but not yet oversold, while the daily level at 41.85 shows characteristics of a continuation downtrend. EMA: The 1-hour EMA7/30/120 shows a bearish arrangement (3897/3949/3956), with price rebounds continuously suppressed by EMA7; the daily EMA30 (4143) crosses below the 120 moving average forming a death cross.
Trading Volume: Key Volume Point: The trading volume during the plummet at 12:00 was 41,478 (recent peak), and then the rebound volume gradually shrank to 3,669 (16:00), indicating weak buying power. Daily Level: On October 20, the trading volume of 510,000 combined with a long upper shadow, and on the 21st, a trading volume of 140,000 confirmed a bearish continuation, showing characteristics of a shrinking decline. #eth