ETH 4-Hour K-line Technical Analysis: Bullish Momentum Emerges but Watch Out for Pullback Risks

【Crypto World】I took a look at the Ethereum chart for the past 4 hours, and there are still quite a few details worth analyzing.

From the candlestick patterns, the overall trend during this period shows a large bullish candle pattern, with the last candlestick closing higher than the open. Interestingly, the price has slightly increased compared to 16:00 on 2026-01-06, but has decreased compared to the 12:00 mark on the same day, and is still lower than the level at 20:00 on 2026-01-05.

Trading volume is worth paying attention to—recent hours have seen a decline in volume, showing a decreasing trend. This presents a classic phenomenon: price rising while volume diminishes, a typical sign of weakening upward momentum.

Now, let’s look at the technical indicators:

MACD currently shows no clear trend, but the histogram remains positive and is gradually increasing, indicating that the bullish force is still relatively strong.

KDJ indicator has already formed a death cross, showing a neutral overall stance. The KDJ value is stuck around 69, leaving room for potential upward movement.

Moving averages are more bullish—MA10 is above MA30, maintaining this structure at both 16:00 and 20:00 on 2026-01-06, indicating a short-term upward trend.

RSI is now above 70, which usually suggests the market might experience a pullback after a rally, so caution is advised.

Regarding specific trading points:

If optimistic about the continuation, consider two entry points—at 3132.0 and 3005.8307. For long positions, a stop-loss can be set at 3003.24.

Conversely, for selling, there are two target levels: 3288.0 as the first take-profit point, and 3343.0 as the second. The short position stop-loss can be placed at 3313.32.

Support level is at 3084.0, resistance at 3288.0. The recent 4-hour high was 3296.84, and the low was 3018.33. The fluctuations within this range are quite regular.

Overall, the bulls still have strength, but the shrinking volume and RSI exceeding 70 are signals: the current rally is losing momentum, and a short-term pullback is quite possible. It’s advisable to accumulate near support levels and wait for clearer buy signals.