ETH four-hour chart analysis: oscillating between the 2960-3220 range, how should key levels be viewed?

2025-12-07 14:00:18

[Crypto World] Took a look at ETH’s recent 4-hour trend—pretty interesting.

Since 4:00 AM on December 7, there’s been a clear price drop, though it’s not as steep as the one at 8:00 PM on the 5th. Right now, there’s a small bearish candle; the close is lower than the open, and trading volume is shrinking—lower prices and lower volume, so the market feels a bit quiet.

Technically, the MACD histogram has been hovering in the negative zone but is gradually narrowing, which shows that bearish momentum is weakening. KDJ is around 34, with no golden cross or death cross, so it’s in a neutral-to-weak state.

As for specific levels: The current key support is around 2961. The recent low was 2996, so support hasn’t been broken yet. Resistance is at 3220; previously, it touched 3210 before pulling back.

If you’re looking to enter, there are two reference buy prices: 2883.98 and 3012.71, with a recommended stop-loss around 2981. For longs, target 3220 and 3224; if you go short, make sure to set a stop-loss at 3226.

The price is fluctuating between 2996 and 3210, and the direction is still not completely clear.

ETH-3.43%

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