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#ETH Four-Hour Market Analysis
1. EMA20, 55, 144 are in a bearish arrangement, indicating a major bearish trend.
2. MACD has broken below the zero line, and the golden cross upward suggests a rebound during the decline. Currently, the market is consolidating sideways, waiting for the indicator to reset! Liquidity is poor on Saturday and Sunday, so a downward move is expected tonight!
3. The price has broken below the four-hour upward trendline. Overall, the market is now mainly in a downtrend, and all upward movements are just rebounds!
4. The daily chart is about to break below the zero line, indicating a continued strong bearish trend.
5. The high and low points on the four-hour chart are decreasing, proving that the bullish momentum has weakened or even surrendered!