- Recent prices have gradually declined from the high of 3077 on December 22, forming consecutive bearish candles, indicating a oscillating downward trend.
- Narrow-range consolidation at low levels from December 24 to 25, with small candlestick bodies, showing strong market hesitation.
2. Technical Indicators:
- MACD: In the 4-hour cycle, both DIF and DEA are below the zero line, with the MACD histogram negative and shrinking, indicating weakening bearish momentum.
- RSI: RSI(14) is around 46, not in oversold territory but in a weak zone, with limited rebound strength.
- EMA: The current price hovers near EMA7 (2944), with support levels at EMA30 (2964). Overall, the price remains constrained by EMA120 (3016).
3. Volume:
- Daily trading volume has significantly decreased since December 23, indicating that the forces of bulls and bears are approaching balance.
- In the short term, volume is insufficient to drive large fluctuations; confirmation of direction requires a volume breakout signal. $ETH $BTC #加密市场小幅回暖
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DemonBrother-In-LawNo.1
· 17h ago
Support at 2900. Resistance around 3030.
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huangjinshizi
· 17h ago
May I ask where are today's Ethereum's resistance and support levels?
Price Trend Analysis
1. Candlestick Patterns:
- Recent prices have gradually declined from the high of 3077 on December 22, forming consecutive bearish candles, indicating a oscillating downward trend.
- Narrow-range consolidation at low levels from December 24 to 25, with small candlestick bodies, showing strong market hesitation.
2. Technical Indicators:
- MACD: In the 4-hour cycle, both DIF and DEA are below the zero line, with the MACD histogram negative and shrinking, indicating weakening bearish momentum.
- RSI: RSI(14) is around 46, not in oversold territory but in a weak zone, with limited rebound strength.
- EMA: The current price hovers near EMA7 (2944), with support levels at EMA30 (2964). Overall, the price remains constrained by EMA120 (3016).
3. Volume:
- Daily trading volume has significantly decreased since December 23, indicating that the forces of bulls and bears are approaching balance.
- In the short term, volume is insufficient to drive large fluctuations; confirmation of direction requires a volume breakout signal. $ETH $BTC #加密市场小幅回暖