Price Trend Analysis



1. Candlestick Patterns:

- Recent prices have gradually declined from the high of 3077 on December 22, forming consecutive bearish candles, indicating a oscillating downward trend.

- Narrow-range consolidation at low levels from December 24 to 25, with small candlestick bodies, showing strong market hesitation.

2. Technical Indicators:

- MACD: In the 4-hour cycle, both DIF and DEA are below the zero line, with the MACD histogram negative and shrinking, indicating weakening bearish momentum.

- RSI: RSI(14) is around 46, not in oversold territory but in a weak zone, with limited rebound strength.

- EMA: The current price hovers near EMA7 (2944), with support levels at EMA30 (2964). Overall, the price remains constrained by EMA120 (3016).

3. Volume:

- Daily trading volume has significantly decreased since December 23, indicating that the forces of bulls and bears are approaching balance.

- In the short term, volume is insufficient to drive large fluctuations; confirmation of direction requires a volume breakout signal. $ETH $BTC #加密市场小幅回暖
ETH0.2%
BTC0.88%
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DemonBrother-In-LawNo.1vip
· 4h ago
Support at 2900. Resistance around 3030.
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huangjinshizivip
· 4h ago
May I ask where are today's Ethereum's resistance and support levels?
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