July 4 - Ethereum Trend Analysis

ETH lost the major support of 3340. Yesterday's negative line engulfed the K-line of the previous 42 days. The selling volume was larger than the previous 8 days. The MACD fast and slow lines were also below the zero axis. The RSI was only 33.5, and the trend was bearish. Bitcoin has already pulled back to the 200-day moving average. Ethereum is likely to pull back to around 3080-3100.

The above analysis is only a personal opinion, for reference only and not any investment advice. Investment is risky, and you need to be cautious when entering the market. Remind you to do a good job of risk control.