Ethereum market analysis: current situation and operational suggestions

Ethereum is currently back near the 2430 mark. Before a clear direction is revealed, there is a high probability that it will experience a period of consolidation.

Especially after the major indicators contracted, the current K-line pattern showed a state of fluctuation within the range, thus forming a pattern of shock consolidation. Yesterday, there was a long upper shadow line on the K line, which clearly showed that the selling pressure from above was relatively heavy.

Judging from the technical indicator MACD, both DIF and DEA are currently negative. However, DIF has a tendency to cross DEA upwards. Based on this, it can be initially judged that the strength of the shorts has weakened, and there is a high possibility of turning to the long direction.

Looking further at the indicator RSI, its value is close to 50, which means there is no clear overbought or oversold signal in the short term. As for the trend indicator EMA, the price is below but close to EMA7, while EMA30 and EMA120 are still higher than the current price. The overall trend is bearish, but there are also signs of rebound in the short term.

Coupled with the recent increase in trading volume, during yesterday's sharp fluctuations, it fully demonstrated that market activity increased significantly.

As the market fell back to around 2400, the current trading volume was relatively stable and there were no extreme changes. Therefore, it is recommended that investors who have not yet entered the market can maintain a wait-and-see attitude and wait until the situation becomes clearer before considering entering the market.

This can more robustly cope with the uncertainty of the current Ethereum market, avoid risks that may arise from blind entry, and also better grasp subsequent investment opportunities that may arise.

When investors pay attention to market changes, they need to continue to pay attention to the dynamics of various indicators and the fluctuations of market trading volumes in order to make more reasonable investment decisions in a timely manner.

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