【5.16 Ethereum Trend Analysis】

K-line pattern: The latest 4-hour K-line shows that the price has experienced a slight decline, with the closing price lower than the opening price, but the overall fluctuation range is small, indicating that the market is relatively balanced within this range. At the daily level, there was a sharp rise the day before, indicating that buyers have strong power in the short term.

Technical Indicators: A golden cross appears in the MACD indicator, which is a possible buy signal. The KDJ indicator shows that the J value (106.18) is much higher than the K value (80.56) and D value (67.75), indicating that the market may be overheated and there is a risk of a correction. Among the EMA indicators, the 7-period EMA (2979.60) has crossed above the 30-period EMA (2951.76), forming a bullish arrangement, supporting continued bullishness.

Trading volume: The trading volume of the 4-hour K-line has decreased, which is consistent with the slight decline in price, implying insufficient downward momentum. At the daily level, there is significant volume and price appreciation, reflecting strong buyer participation.

The intraday range range refers to 2955-3100. If the position is broken, look at 3160 and 3200. The loss point is about 30 points.

Personal analysis and opinions do not constitute any investment advice and are for reference only! #ETH走势分析 #ETH预测 #eth二饼 #每天60秒读懂币圈