#ETH🔥🔥🔥🔥🔥🔥
In general, Ether has broken out of the bullish range!
Although the price consolidated at the close of 24, 25 started with a bullish momentum and pulled above 3500 in the short term. The indicator turned bullish, and the bullish momentum may continue in the short term. At the same time, from the current trend, it can be seen that there may not be a big fluctuation in the near future.
After rising from the consolidation range of 3350, Ether is currently hovering around 3650, breaking the downward pattern. From a technical point of view, it is not favorable for both bulls and bears, forming a relatively stable oscillating trend. The volume data is almost negative, which shows that there is no buying desire for the market at this position.
Ether is currently staying in the ascending parallel channel. RSI maintains incremental growth, so from this indicator, the probability of oscillating upward will be relatively large. However, the +Di and -Di levels have converged, bearish crossover, and show weakness again. Therefore, the two levels are parallel to each other with small deviations.
Secondly, the trading volume has fallen and reached the lowest level, indicating a large-scale squeeze. The key support and resistance levels are around 3678 and 3608 respectively.
The technical side does not show any major deviations. At this position, it is not appropriate to enter or exit the market. It is recommended that those who hold continue to hold, and those who do not hold wait and see.
If anyone is confused by market fluctuations, does not know how to deal with the situation of being trapped, or feels that they have been misled during the operation, welcome to communicate!
I am Lao Li.