ETH Market Analysis🚩

Yesterday, ETH (Ethereum) daily line rose from a low of 3100 to a high of 3500, eventually closing around 3470. Support is solid at the MA60 moving average, which is an ideal buying point. On the upside, there is pressure from the MA30 moving average, while the MACD indicates that bearish strength has increased.

In the four-hour chart, the MA14 moving average provides short-term support; if it breaks, it may test the MA7 moving average. Meanwhile, the MA200 moving average acts as resistance, but the MACD bullish strength is rising, and it has formed a golden cross pattern, suggesting upward potential.