📣Ethereum has returned to the starting point for a price increase. How should we operate in the evening to secure stable profits!📈
ETH has experienced significant price fluctuations recently, but the overall trend remains bullish. Despite the resistance zone for ETH, market sentiment is still optimistic, and it's expected that ETH prices will continue to rise in the short term.
【Analysis of Ethereum's Price Trend from the Last Four Hours】
Candlestick Pattern:
Recently, the price has fluctuated around 3400, with several long upper and lower shadow candlesticks indicating significant market divergence. The last few candlesticks show a downward trend, but the overall magnitude is not large.
Technical Indicators:
MACD: Both DIF and DEA are negative, and the MACD histogram remains negative, indicating a current bearish market.
RSI: The RSI14 value is around 45, not entering overbought or oversold territory, suggesting possible consolidation in the short term.
EMA: EMA7, EMA30, and EMA120 are arranged in a bearish manner, with the price below all moving averages, indicating a bearish trend in the medium to long term.
Trading Volume:
Trading volume increased on December 31 and January 1, indicating heightened market activity. The overall trading volume does not show a clear one-sided trend, suggesting cautious market sentiment.
Ethereum's Stable Profit Strategy for the Evening of 1/1:
It is recommended to enter long positions near 3300-3320 for Ethereum, with target points: 3360-3400. If it holds above 3400, continue to hold!
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