The trend of ETH is particularly eye-catching. Recently, its daily K-line chart has shown a negative trend for two consecutive days, which seems to indicate some fluctuations in the market. However, the EMA trend indicator is showing a medium-term upward diffusion state, and the EMA15 fast line has touched the support level of 2920, predicting that this price point will soon break through to 2950. This can't help but remind people that the market is accumulating new power. At the same time, the volume trend of MACD is gradually weakening, but the daily K-line has returned to the Bollinger Bands channel. This shows that although the market has adjusted somewhat, the overall trend remains strong.
However, special attention should be paid to the upper track of Bollinger Bands at 3370, which is an important pressure level. In comparison, the mid-rail support level of 2740 is relatively far away from the current price, which may provide the market with more room for adjustment. In addition, the KDJ indicator has begun to transition from an overbought state to a balanced zone, which indicates that the market is highly volatile and the overall pattern of shock consolidation in the short term. Such fluctuations may exceed a hundred points
Looking at the more microscopic four-hour K-line chart, a harami pattern has formed, and the price continues to hover near the 3150 support level of EMA30. The importance of this support level is self-evident. If the market cannot obtain effective support at this level for a long time, it may face a breakthrough. The next key support level will appear near EMA60, close to the integer mark of 3000.
What is more worth mentioning is the MACD indicator, which shows the phenomenon of top divergence and the volume energy gradually weakens. DIF and DEA are rapidly approaching the 0 axis, which usually means that the market is about to make a directional choice. At the same time, the Bollinger Bands are also showing a shrinking trend, and the price range is gradually narrowing. The current upper rail pressure level is 3380, while the lower rail support level is 3095