ETH 4-Hour Chart Technical Analysis: Bullish Momentum Weakening, Watch These Price Levels

ForkMonger · 2026-01-04T02:20:12+00:00

Recently, ETH market trends have diverged, with prices rising compared to January 3rd but pulling back from yesterday afternoon. Trading volume has decreased, indicating weakening upward momentum. Technical indicators show that bullish strength is waning, and RSI above 70 suggests increased risk. Caution is advised; monitor key support and resistance levels.

ForkMonger

2026-01-04 02:20:12

Abstract generation in progress

【CryptoWorld】ETH has shown an interesting divergence in the last 4 hours—compared to noon on January 3rd, the price indeed surged, but compared to yesterday afternoon, it has actually pulled back. From the candlestick pattern, the last candle is a bullish one, closing higher than the open, but not very large, signaling a potential weakening of the bullish momentum.

Trading volume also confirms this point. Recent hours have seen decreasing volume, while the price continues to rise—this is a classic volume-price divergence, indicating that the upward momentum is weakening and caution is advised.

What do technical indicators say?

The MACD histogram remains positive but is gradually shortening, showing that bullish strength is weakening. The KDJ has not formed a golden cross or death cross, remaining in a neutral to weak state. Meanwhile, RSI has broken above 70, which often suggests a potential pullback after a rally. The MA10 is still above MA30 (as of 20:00 on January 3rd), indicating the short-term trend has not fully reversed, but warning signals are already flashing.

Trading references

If bullish:

First buy-in point: 2970.75
Second buy-in point: 2960.93
Long stop-loss: 2936.04

If bearish:

First sell point: 3167.0
Second sell point: 3147.44
Short stop-loss: 3142.75

Recent support is at 2928.0, resistance at 3167.0. The recent high reached 3127.11, and the low dropped to 2950.79. The divergence between volume and price combined with RSI at high levels indicates risk—be especially cautious at this position—don’t be fooled by the rebound.

ETH-3,49%

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LiquidationWatcher

· 01-06 12:23

I've seen the divergence between price and volume too many times, and each time it's the eve of a false breakout... RSI breaking 70 is even more outrageous, is this a setup for a crash?

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MetaMisfit

· 01-04 02:50

I'm very familiar with the divergence between volume and price; it's always the same pattern. Whenever it can't go up anymore, it just forces itself, but a correction is bound to happen sooner or later.

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RooftopVIP

· 01-04 02:49

The divergence between price and volume is a masterstroke, and it's the same old trick... The previous times it dropped like this, and breaking the RSI above 70 was even more heartbreaking. Let's wait and see the pullback, brothers.

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DuskSurfer

· 01-04 02:43

The classic divergence between price and volume is back again. Damn, every time it messes with people like this. I'll wait until it breaks the support before saying anything.

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DancingCandles

· 01-04 02:28

The whole concept of divergence between price and volume, I'm already tired of it. Every time they say it's weakening, but then another wave comes. They're really fooling me.

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