ETH 4-hour K-line technical analysis: Bullish momentum weakens, these levels are worth paying attention to

【Crypto World】ETH’s recent 4-hour trend is quite interesting. Compared to the high point on 2026-01-02 16:00:00, the price has retraced a bit, but relative to 2026-01-01 12:00:00, it has recovered quite a bit. The last candlestick is a small bullish candle, closing above the opening price, indicating that buying interest is still there.

However, looking at the trading volume, the situation is a bit subtle—recent hours have seen decreasing volume. Although the price is rising, the volume hasn’t kept up, which is a typical sign that upward momentum is weakening.

Examining the technical indicators in detail: On the MACD, the histogram has remained in positive territory, but its width is gradually narrowing, indicating that the bullish strength is waning. The KDJ hasn’t shown a clear golden cross or death cross; the indicator is in a neutral to slightly bullish zone, with the KDJ values around 75. The MA lines show that MA10 has been consistently above MA30 (from 2026-01-02 16:00 to 2026-01-02 20:00), so the short-term trend remains bullish. Notably, the RSI has broken above 70, which suggests there could be some downside pressure or a potential pullback.

From volume and price action, the mismatch between gains and trading volume indicates that upward movement might encounter resistance.

Key levels (based on technical analysis):

• Buy zones: 2969.18 and 2942.26
• Long stop-loss: hold at 2917.82
• Take profit targets: first at 3104.0, second at 3146.08
• Short stop-loss: 3141.08

Support and resistance: Current support is at 2913.0, resistance above is at 3104.0. The recent high is at 3125.45, and the low is at 2932.48.

Overall, ETH is in a critical balance state. The bulls are still in the game, but their momentum is noticeably weaker. If volume can’t keep up, there’s a good chance of a pullback after a price rally.