Price Trend Analysis

Conclusion: ETH 4-hour cycle trend is upward, focusing on 4650, 4750, 4850 above.
K-line patterns:
Recently, a double top structure has formed at the 1-hour level (4563 and 4551.97), and the current price has fallen below the 4535 support level.
The daily chart shows an upward channel, but the long upper shadow on September 12 indicates strong selling pressure in the 4600 area.
Technical Indicators:
MACD: 1-hour DIF ( 37.52) and DEA ( 30.66) show signs of a death cross, indicating a weakening bullish momentum; the daily MACD ( -17.83) histogram is contracting but remains below the zero line.
RSI: 1-hour RSI ( 69.7 has retreated from the overbought zone, while the daily RSI ) 58.8 remains in the neutral to bullish area.
EMA: The price has stabilized above the EMA7(4521.82)/30(4456.85) moving average, but the EMA120(4380.05) still constitutes a medium to long-term watershed.
Trading Volume:
The key resistance level around 4563 has seen a volume surge of 21577 with stagnation, combined with a long upper shadow forming a volume-price divergence.
When breaking through the 4500 integer level, the one-hour trading volume reached 47696(9/12 08:00), with volume supporting the effective breakthrough. (