Interpret ETH trends using 1-hour candlesticks

[Price Trend Analysis]

1. Candlestick Patterns:

A long lower shadow appeared on the 1-hour chart (e.g., rebound from the 03:00 low of 2983.08 to 3038.49), indicating strong support at the 3000 round number level.

On the daily chart, two consecutive hammer candlesticks with long lower shadows (December 5 low at 2983.08, December 6 low at 3012.58) suggest short-term selling pressure is weakening.

2. Technical Indicators:

MACD: On the 1-hour chart, DIF(-16.51) crosses above DEA(-21.49) forming a golden cross; on the daily, the MACD histogram(90.32) shifts from contraction to expansion.

RSI: 1-hour RSI(43.95) rebounded from the oversold region of 26.02, daily RSI(46.17) moved out of the weak region below 30.

EMA: Price holds above EMA7(3032.99) but is suppressed by EMA30(3055.70); on the daily, EMA7(3037.15) and EMA30(3152.98) remain in a bearish alignment.

3. Volume:

Significant increase in volume at key turning points (22,355 during the sharp drop at 04:00, 31,789 during the rebound at 03:00).

Current hourly volume(4166) is below the 20-period average, signaling a risk of false breakouts.

[Buy/Sell Points]

Buy Point 1: 3000 USDT (round number support, in line with the daily hammer low at 2983.08 moving up)

Buy Point 2: 2975 USDT (1% below the previous swing low of 2983, above EMA120 support at 2960)

Long Stop-loss: 2950 USDT (1% buffer below the daily double-bottom structure low of 2983)

Sell Point 1: 3050 USDT (resistance at EMA30 3055.70, round number resistance)

Sell Point 2: 3080 USDT (0.5% breakout confirmation above the previous high of 3063.31, daily EMA7 resistance at 3075)

Short Stop-loss: 3100 USDT (1% stop-loss buffer after breaking above the December 5 high of 3108.73)

ETH's 1-hour price trend: sideways