Detailed analysis of Ethereum trends and suggestions for sound trading strategies (January 30th):

Ethereum's 4-hour chart shows a clear downtrend, with the price oscillating around $2700-$2750. Moving averages are in a bearish alignment, and the MACD continues to show increasing volume. While there's a short-term need for correction after being oversold, reversal signals are insufficient. The key levels to watch are the $2670-$2700 support and the $2780-$2800 resistance. Analyzing the 4-hour Ethereum price trend, the candlestick pattern shows a recent continuous decline, forming consecutive bearish candles, especially the long bearish candles on January 29th and 30th, indicating strong bearish momentum. In the 4-hour timeframe, the price has fallen rapidly from around $3010 to the $2750 area, showing a clear downward trend with multiple failed rebounds. The MACD histogram on the 4-hour chart continues to expand below the zero line, with both the DIF and DEA lines diverging downwards, indicating dominant bearish momentum. The RSI value is currently around 31, approaching the oversold zone but not yet reaching extreme oversold conditions, suggesting a potential short-term technical rebound. EMA: The 7-day, 30-day, and 120-day moving averages are all in a bearish alignment, and the price has consistently traded below all moving averages, indicating a weak overall trend. Currently, the 7-day EMA is at 2791, and the 30-day EMA is at 2895, both acting as resistance. Key support levels: 2670 (previous low/sentiment level), 2700 (intraday psychological support), 2620 (secondary support). Key resistance levels: 2780-2785 (bullish/bearish dividing line), 2835-2850 (first resistance for any rebound), 2878-2900 (strong resistance). Ethereum (ETH) conservative trading recommendation (1/30): It is recommended to continue shorting ETH around 2760-2780, with target prices of 2720-2680-2620.