ETH Market Analysis🚩

Yesterday, ETH (Ethereum) daily chart showed a doji pattern, with significant price fluctuations, reaching a high of 3750 points and a low of 3660 points, ultimately closing near 3710 points. The current support is solid at the MA7 moving average, providing an opportunity for buying on dips. On the upside, there is pressure at 3740 points. The MACD indicator shows that bullish momentum is gradually weakening, with a trend towards forming a death cross.

On the four-hour chart, MA30 has become an important support level. If it breaks down, it may further test MA60. At this time, the MACD bearish momentum is strengthening, and a death cross has clearly formed.