Recently, the price has been oscillating around 3100, showing characteristics of consolidation at a high level. Multiple upper and lower shadows appear, indicating strong resistance and support levels both above and below.
2. Technical Indicators:
MACD: In the 4-hour cycle, DIF is gradually rising but still below DEA. The MACD histogram has shifted from negative to positive, indicating weakening bearish momentum and attempts by the bulls to rebound. - RSI: The current RSI value is 43.99, in a neutral to slightly weak zone, not entering overbought or oversold territory, and may continue to fluctuate in the short term. - EMA: The current price is close to EMA7 (3117.47) but below EMA30 (3120.08) and EMA120 (3085.68). The short-term trend is slightly weak, but there is still some support in the medium to long term.
3. Volume:
- Daily trading volume has contracted, significantly decreasing from recent highs, indicating market sentiment is becoming cautious. - In the 4-hour cycle, volume fluctuates greatly, suggesting increased divergence between bulls and bears.
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Price Trend Analysis
Ethereum ETH
1. Candlestick Pattern:
Recently, the price has been oscillating around 3100, showing characteristics of consolidation at a high level.
Multiple upper and lower shadows appear, indicating strong resistance and support levels both above and below.
2. Technical Indicators:
MACD: In the 4-hour cycle, DIF is gradually rising but still below DEA. The MACD histogram has shifted from negative to positive, indicating weakening bearish momentum and attempts by the bulls to rebound.
- RSI: The current RSI value is 43.99, in a neutral to slightly weak zone, not entering overbought or oversold territory, and may continue to fluctuate in the short term.
- EMA: The current price is close to EMA7 (3117.47) but below EMA30 (3120.08) and EMA120 (3085.68). The short-term trend is slightly weak, but there is still some support in the medium to long term.
3. Volume:
- Daily trading volume has contracted, significantly decreasing from recent highs, indicating market sentiment is becoming cautious.
- In the 4-hour cycle, volume fluctuates greatly, suggesting increased divergence between bulls and bears.