ETH Market Analysis 🚩

Yesterday, the ETH daily chart showed a pin bar pattern, with a high of 3450, a low of 3280, and a closing price of 3360. The support below is focused on the MA7 moving average, and a long position can be considered during a pullback. The resistance above is near 3400, and the MACD bullish momentum is weakening, showing signs of a death cross.

On the four-hour chart, the MA30 is the short-term support, and the MACD bearish volume is decreasing and has already formed a death cross. The short-term suggestion is to enter a long position near 3318, targeting the 3370-3420 range.