ETH 4-hour technical rebound, short-term key price level analysis

【CryptoWorld】Looking at the recent ETH trend, this wave of market movement is quite interesting. Comparing from the early hours of 2025-12-29 until now, the price has clearly risen, with some weakness in the last few hours. The 4-hour candlestick shows a bullish engulfing pattern, closing above the opening price, seemingly ready to push higher, but the trading volume is shrinking—typical market hesitation, with insufficient trading activity.

From a technical perspective, the story here is even more intriguing: Although the MACD hasn’t shown a clear trend yet, the histogram remains negative but is gradually shortening, indicating that the bulls are starting to gain strength. The KDJ indicator is in the oversold zone (value only 15), and while there are no clear signals like golden or death crosses yet, the overall trend hints at a potential reversal. On the moving averages, the MA10 has already broken above the MA30 (confirmed at two different points), breaking the consolidation pattern, but the price and volume divergence is somewhat awkward.

Let’s review the trading range: short-term support is anchored around 2890, with resistance at 3007; there’s a high probability of oscillation between these two levels. If the price breaks upward, the target is set at 3007, then further up to 3043.75; if it breaks below the 2890 support, then 2903.95 becomes the last stronghold. For long positions, set stop-loss at 2889.43; for short positions, set stop-loss at 3058.97. This market is in a consolidation phase, so patience is needed—don’t chase the highs.