📣January 22 Ethereum Trend Detailed Analysis and Steady Operation Recommendations:



Ethereum's four-hour chart shows a sideways, slightly weak consolidation pattern, with prices fluctuating within the $2950-$3030 range. The current price is around $2987, with intense short-term bulls and bears competition. Focus should be on key support and resistance breakouts and volume confirmation. This morning, the price quickly dropped from a high of $3057 to $2972, then oscillated narrowly between $2990 and $3030. Currently, the price has retreated near $2987, overall in a recovery phase after a previous decline.

Analyzing the four-hour Ethereum price trend, the daily candlestick chart indicates that recent prices dropped rapidly from 3188.01 to 2987.7, forming a series of bearish candles followed by a slight rebound, showing a weak oscillation pattern. On the four-hour level, after a sharp decline, support was found around 2864.29 and a rebound occurred, but there is clear selling pressure in the $3030-$3050 zone. Currently, the price is in a high-level correction phase. The MACD on the four-hour chart shows DIF and DEA both negative, with the MACD histogram shifting from green to red, indicating short-term bearish dominance. The RSI14 hovers around 37, not yet oversold but near the lows, suggesting weak market sentiment. The current price is below EMA7 (2997.4), with EMA30 (3095.7) and EMA120 (3143.6) still diverging downward, indicating a bearish trend.

Key support levels: First support at $2930-$2960 (recent oscillation lower boundary + previous lows), strong support at $2860-$2880 (important previous low area).

Key resistance levels: First resistance at $3050-$3070 (upper boundary of oscillation + moving average resistance), strong resistance at $3100-$3150 (previous rebound high).

January 22 Ethereum Steady Operation Recommendations:

It is advised to short near $2990-$3010, target points: $2940-$2900-$2880, with a watch on the previous low around $2770!

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