The 1-hour Candlestick period shows a trend of rising and then falling + oscillating downwards. After the price broke through the 3070 high point, it failed to form an effective stabilization, instead quickly falling back to the 3015 level, forming a short positions confirmation pattern after a "false breakouts", and the support level below has already been tested, indicating weak support strength. Additionally, the J line has quickly fallen from a high position, and the Candlestick has crossed below the D line, forming a death cross trend, reflecting a decline in short-term long positions strength.
Ethereum recommends a range around 3030 and 3070, with targets at 2980 and 2930.
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The 1-hour Candlestick period shows a trend of rising and then falling + oscillating downwards. After the price broke through the 3070 high point, it failed to form an effective stabilization, instead quickly falling back to the 3015 level, forming a short positions confirmation pattern after a "false breakouts", and the support level below has already been tested, indicating weak support strength. Additionally, the J line has quickly fallen from a high position, and the Candlestick has crossed below the D line, forming a death cross trend, reflecting a decline in short-term long positions strength.
Ethereum recommends a range around 3030 and 3070, with targets at 2980 and 2930.