I will analyze the technical data of $ETHFI :
TECHNICAL ANALYSIS:
1. Price trend analysis:
- The price is trending sideways in the range of 1.89-1.93 over the past 4 hours
- The 1D timeframe shows a downtrend from the peak of 2.14 to the current area
- The 30m RSI is in the range of 40-45, indicating that the downward momentum is slowing down
- The MACD has not yet shown a clear trend reversal signal
2. Volume analysis:
- The trading volume is lower than the average of 20 candles
- The Buy/Sell volume ratio is quite balanced at about 45-55%
- No strong accumulation/distribution signals
3. Bollinger Bands analysis:
- The price is near the lower band, indicating the potential for a technical rebound
- The width of the bands is narrowing, indicating reduced volatility
SCENARIO FORECAST:
Scenario 1 (60% probability):
- The price continues to sideways in the range of 1.89-1.93 in the next 4-8 hours
- Confirmation signals: Low volume, RSI moving sideways
- Target: 1.93 (+2%)
- Stop loss: 1.88 (-2.5%)
Scenario 2 (40% probability):
- The price breaks below 1.89 and tests the 1.85 area
- Confirmation signals: A spike in volume when the price drops
- Target: 1.85 (-4%)
- Stop loss: 1.94 (+3%)
TRADING RECOMMENDATION:
Currently, it is not advisable to open a new position because:
- Low volatility, unclear trend
- RSI has not given overbought/oversold signals
- Low volume
Potential entry points:
- Long when the price successfully tests the 1.89 area with increased volume
- Short when the price breaks below 1.89 with a spike in volume
=> Recommendation: STAY OUT OF THE MARKET and wait for clearer technical signals.
Points to monitor:
- Support area 1.89
- Volume spikes
- RSI cross 30/70
- MACD cross