Continuing to observe the one-hour trend of Ethereum, yesterday indicated that after breaking below 2900 points, there would be a decent rebound. The early session peaked at 2961 points. Last night, after falling below 2900, there was a volume spike with a quick pullback, once again testing the support level. Looking at the moving averages, the short-term averages are crossing repeatedly, indicating market consolidation. The RSI and MACD show bottom divergence, with volume bars gradually decreasing, suggesting insufficient market liquidity and small fluctuations. In the short term, it will continue to oscillate slightly within the 2930-2970 range, with a strategy of shorting high and going long low.
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Continuing to observe the one-hour trend of Ethereum, yesterday indicated that after breaking below 2900 points, there would be a decent rebound. The early session peaked at 2961 points. Last night, after falling below 2900, there was a volume spike with a quick pullback, once again testing the support level. Looking at the moving averages, the short-term averages are crossing repeatedly, indicating market consolidation. The RSI and MACD show bottom divergence, with volume bars gradually decreasing, suggesting insufficient market liquidity and small fluctuations. In the short term, it will continue to oscillate slightly within the 2930-2970 range, with a strategy of shorting high and going long low.