ETH 4-hour chart: Oversold signal is obvious, but what to do if the Trading Volume doesn't cooperate?

[Coin World] The recent trend of ETH on the 4-hour chart is quite interesting.

From midnight on December 1st to now, the price first rebounded from 2740.8, and during the 12 o'clock period, it surged quite strongly, forming a large bullish candlestick. However, compared to the high of 4 PM on November 30th, it has still overall declined. The last candlestick closed bullish, indicating that it has stabilized.

The trading volume here needs attention - it has clearly shrunk in the last few hours, with both price and volume declining, making the market a bit quiet.

From a technical perspective, several key signals are observed: The MACD histogram has been consistently negative but is gradually narrowing, indicating that the bearish momentum is weakening and the bulls may be about to exert strength. The KDJ has dropped to 7, which is in the severely oversold area, theoretically suggesting there is considerable room for a rebound. Although there are no obvious golden or death crosses, this position itself is a signal.

Note the key points: • Support looks at 2744.0, if broken, stop loss at 2727.1. • Long positions can consider the range layout of 2740.8-2744.0. • The resistance at 3073.77 above is a recent high point, if broken, look for 3150.0. • If shorting, set a stop loss at 3089.14

Currently, the biggest problem at this position is the lack of volume support. If the trading volume does not pick up, even if the technical indicators are oversold, it will be difficult to have a significant market movement.