[8.2 Ethereum Trend Analysis]
K-line pattern: The recent price shows a volatile downward trend, and the closing price is lower than the opening price for many trading days. There are many long upper shadows and long lower shadows, indicating that the market is highly volatile.
Technical indicators: The MACD histogram is negative, showing that the short-selling force is dominant. The RSI is close to the oversold zone, but has not fully entered it, showing a certain rebound possibility. The EMAs are all diverging downward, indicating that the overall trend is bearish. The current price is below all EMA moving averages, showing strong downward pressure.
Trading volume: The trading volume is significantly enlarged during the surge and plunge, and then gradually shrinks, which is in line with the expectation of a callback. The trading volume has decreased in recent cycles, indicating that the market wait-and-see sentiment has increased. (Pay attention to the non-agricultural data tonight)
Intraday operation suggestions: mainly low-long
Long: 3100-3050 range target: 3250-3360
Short: 3340-3380 range target: 3240-3130-3080