📣Ethereum falls again in the evening, will the trend continue to weaken in the future?📈
ETH has broken below the $3400 mark: The price of ETH has recently dropped, and market sentiment has been affected, resulting in significant volatility in the short term. Based on the current trend, the support level to watch below for Ethereum is around 3300, while the resistance level above is at 3540. If it stabilizes above 3450, the trend may continue to rise. The evening trading suggestion is to buy low!
【Analysis of Ethereum price trend from the four-hour chart】
Candlestick pattern:
Recently, the price has formed a clear resistance level around 3500, with multiple attempts to break through failing. In the last few days, there has been significant volatility, especially after the large increase on December 24 and December 23, followed by a correction on December 26.
Technical indicators:
MACD: The current MACD is in the negative zone but shows a trend of upward convergence, indicating that the downward momentum is weakening and it may turn into a bullish market.
RSI: The RSI is currently at 42.62, close to the neutral zone, with no overbought or oversold signals in the short term.
EMA: EMA7 (3436.07) is below EMA30 (3446.44), and both are below EMA120 (3585.43), indicating that the overall market is still in a bearish phase, but there are signs of a rebound in the short term.
Trading volume:
On December 24, trading volume significantly increased to 2,605,267, and in the following two days, the trading volume decreased but remained at a high level. The changes in trading volume are consistent with price fluctuations, indicating that market sentiment is relatively active.
Stable profit layout for Ethereum on the evening of 12/26:
It is suggested to enter long positions around 3360-3340 for Ethereum, with profit targets at 3400-3450.
If there is a pullback, it is recommended to add positions around 3300, with target points at 3380-3400.
Recent layouts have consistently taken profits and exited for several days, confirming that it can be referenced in the publication. At the same time, many investing friends have reported that it was too late to see the article. For free guidance on implementing strategies, click on the avatar to follow the homepage introduction. I hope more people can learn the ability to make money through me, see opportunities to earn money, and truly achieve the desired returns! Let's dance together with the market! #BTC上攻11万? #比特币市场波动观察 #币安Alpha第7批项目公布 #“圣诞老人行情”再现 $BTC $ETH $BNB