ETH 4-hour chart analysis: Price breaks new high, bullish momentum gradually weakens

【Crypto World】In the past 4 hours of K-line analysis, ETH price has experienced a significant increase compared to 2026-01-11 00:00:00, with a clear rebound from 2026-01-09 20:00:00, and has broken through the high point at 2026-01-11 04:00:00. The closing price is higher than the opening price, showing a bullish candlestick pattern.

The most notable change is in trading volume—recent hours have seen a significant increase in trading volume, with price and volume rising simultaneously, indicating increased market activity and relatively strong upward momentum.

From a technical indicator perspective, the situation becomes interesting. The MACD indicator currently shows no clear trend, but the histogram remains in positive territory, though the amplitude is gradually decreasing, suggesting that the bullish force is weakening. The KDJ indicator has triggered a golden cross signal, with the current KDJ value at 18, which is in the oversold zone—this may indicate potential for a rebound, but caution is needed regarding the risk of divergence between volume and price.

Based on a comprehensive analysis of the current data, the main reference points are as follows: for bullish outlooks, consider around 3080.6 and 3075.0 as buy references, with a stop-loss set at 3065.2; for bearish strategies, sell reference points are at 3296.84 and 3126.0, with a stop-loss at 3313.32. Recent support levels are at 3075.0, resistance at 3126.0, with the recent 4-hour high at 3296.84 and low at 3080.6.