#ETH Thursday morning analysis
The big pie has reached a new high, the bears have basically been cleared, completing a daily W pattern. After a quick rise in the short term, there was a rapid pullback, and the pressure is evident.
Currently in a volatile adjustment, forming a flat top.
The 4-hour chart shows consecutive bullish candles, with strong buying momentum and a heated sentiment. However, the KDJ indicator is showing a high-level convergence dead cross, and the hourly chart has been closing with long upper shadows, indicating significant short-term resistance above. The trading volume
View OriginalThe big pie has reached a new high, the bears have basically been cleared, completing a daily W pattern. After a quick rise in the short term, there was a rapid pullback, and the pressure is evident.
Currently in a volatile adjustment, forming a flat top.
The 4-hour chart shows consecutive bullish candles, with strong buying momentum and a heated sentiment. However, the KDJ indicator is showing a high-level convergence dead cross, and the hourly chart has been closing with long upper shadows, indicating significant short-term resistance above. The trading volume



