Based on the 1-hour trend, ETH failed to break above the 2200 level and started to decline. Currently, the price has fallen back to around 2150 and is consolidating. The overall structure has shifted from a rebound to a high-level pullback, with the highs unable to sustain upward momentum. Short-term outlook is relatively weak.


The MACD is currently in a death cross, with the green bars continuing to expand, indicating that bearish momentum is gradually strengthening. MACD is mainly used to judge trend momentum changes; a death cross with increasing volume usually signifies the continuation of a downtrend.
The RSI has fallen to around 40, in a neutral to weak zone, indicating that market sentiment is turning bearish. RSI measures price strength; the current decline from a strong zone suggests that bullish momentum is waning.
The KDJ is in a low position but has not formed a clear golden cross, indicating that while there are signs of a bottoming out in the short term, the rebound strength is insufficient, and the market remains weak and volatile.
In terms of volume, volume increases during the decline phase and decreases during the rebound phase, suggesting that funds are mainly exiting, market absorption is weak, and overall sentiment is bearish.
Resistance levels: 2170-2160 Support levels: 2120-2110-2080
ETH-2.79%
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RedAdemanvip
· 2h ago
Make a fortune in the Year of the Horse 🐴
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