【8.1 Ethereum Trend Analysis】
K-line pattern: The recent price shows a volatile downward trend, showing strong selling pressure.
Technical indicators: The MACD histogram continues to be negative in the 4-hour period, and the DIF line and the DEA line form a dead cross, indicating that the current market is in a bearish trend. The RSI value gradually decreases and approaches the oversold area. It is necessary to pay attention to whether it will fall further. The EMAs are all diverging downward, and the price has fallen below all moving averages. The short-term, medium-term and long-term moving averages all put pressure on the price.
Trading volume: The trading volume has increased recently, especially when the price fluctuates sharply. The trading volume in recent trading days has been relatively stable, but it is still higher than the previous level, indicating that the market participation is still high.
Intraday operation suggestions: mainly low and long
Long: 3150-3100 range target: 3260-3320-3360
Short: 3300-3330 range target: 3280-3240
