Interpreting ETH Price Movement Using 1-Hour K-Line Chart

【Price Trend Analysis】

1. K-Line Pattern:

Recently, on the 1-hour timeframe, consecutive bullish candles broke through the 2100 integer level, with a high of 2107.67 before a slight pullback, forming a short-term top resistance.

On the daily chart, a long lower shadow hammer appeared on February 13 (1924-2073), followed by two consecutive bullish days confirming a rebound trend.

2. Technical Indicators:
MACD: On the 1-hour chart, DIF(24.34) crossed above DEA(23.36), but the histogram shrank to 1.96, indicating weakening upward momentum; on the daily chart, MACD(-19.31) remains in the bearish zone but the green histogram shortens.

RSI: 1-hour RSI(78.08) entered overbought territory, daily RSI(34.44) just rebounded from oversold zone.

EMA: 1-hour EMA7(2076) > EMA30(2036) > EMA120(2017), indicating a bullish alignment; on the daily chart, EMA7(2057) remains below EMA30(2432), showing the long-term trend remains bearish.

3. Volume:
Key breakout point (February 14, 16:00) accompanied by a volume spike of 26,811, confirming the support at 2057 is effective.

On the daily chart, February 13 volume reached 68,806, a recent peak, forming a volume-price support pattern at the bottom.
【Buy and Sell Points】

Buy Point 1: 2050 USDT (confluence zone of the previous low at 2045 and EMA30 support at 2036)

Buy Point 2: 2025 USDT (integer level combined with daily EMA120 support at 2017, offering a second opportunity after a sufficient correction)

Long Entry Stop Loss: 2000 USDT (break below key integer level and EMA120 support, indicating potential trend weakening)

Sell Point 1: 2125 USDT (integer resistance level, near the extension resistance of the previous high at 2107 on the 1-hour chart)

Sell Point 2: 2150 USDT (short-term resistance below daily EMA30 at 2432, limit of rebound)

Short Entry Stop Loss: 2175 USDT (break above the previous month's high at 2173, invalidating the bearish outlook)

ETH 1-Hour Price Trend: Up