- The recent price has been fluctuating around 3000, showing a slight upward trend, but there is significant resistance in the 3050-3075 range. - After a large bullish candle appeared on the daily chart on December 19, small-bodied candles have been consecutively formed, indicating a weakening of bullish momentum.
2. Technical Indicators:
- MACD: The 4-hour period DIF and DEA are both running upwards, and the MACD histogram is shortening, indicating that the bullish momentum is gradually weakening. - RSI: The 4-hour RSI value is 52.87, which is in the neutral to strong range and has not entered the overbought state. - EMA: The current price is below EMA7 (3010.13), close to EMA30 (2986.44), and EMA120 (3032.03) remains a strong resistance.
3. Trading Volume:
- The overall trading volume in the past 4 hours has slowed down, indicating an increase in market wait-and-see sentiment. - The daily trading volume has significantly decreased compared to December 19, reflecting insufficient willingness to chase the rise. $ETH $BTC
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
[Price Trend Analysis]
1. Candlestick Patterns:
- The recent price has been fluctuating around 3000, showing a slight upward trend, but there is significant resistance in the 3050-3075 range.
- After a large bullish candle appeared on the daily chart on December 19, small-bodied candles have been consecutively formed, indicating a weakening of bullish momentum.
2. Technical Indicators:
- MACD: The 4-hour period DIF and DEA are both running upwards, and the MACD histogram is shortening, indicating that the bullish momentum is gradually weakening.
- RSI: The 4-hour RSI value is 52.87, which is in the neutral to strong range and has not entered the overbought state.
- EMA: The current price is below EMA7 (3010.13), close to EMA30 (2986.44), and EMA120 (3032.03) remains a strong resistance.
3. Trading Volume:
- The overall trading volume in the past 4 hours has slowed down, indicating an increase in market wait-and-see sentiment.
- The daily trading volume has significantly decreased compared to December 19, reflecting insufficient willingness to chase the rise. $ETH $BTC