Hello everyone, I am Oupeng! Today we will talk about the latest market situation of ETH, combining technical indicators such as MACD, RSI, and EMA to help everyone see the current trend and potential opportunities.
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MACD Indicator: Clear battle between bulls and bears
Hourly level: MACD has crossed upward, indicating that bullish strength prevails in the short term, and the market has some upward momentum.
Daily level: Although overall still in the bearish zone, there are signs of convergence, indicating that the downward momentum is gradually weakening. In other words, the bears are starting to 'lose strength', and there may be a potential reversal in the short term.
Monthly level: MACD continues to rise, long-term trend is bullish.
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RSI Indicator: Short-term may have pressure
Hourly level: RSI has reached 61, close to the overbought zone, and there may be some retracement pressure in the short term.
Daily level: RSI is around 45, which is in the neutral zone, indicating that market sentiment is relatively stable with no obvious extreme conditions.
Monthly level: RSI is above 50, indicating that there is still room for growth in the medium to long term market. In other words, long-term investors can patiently wait for opportunities.
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EMA Indicator: Short-term trend is strong
Currently, the price of ETH is above the EMA7, EMA30, and EMA120 at the hourly level, and the moving averages show a bullish arrangement (short-term moving averages are above long-term moving averages). This indicates a clear upward trend in the short term, with strong support for prices in the market. However, there is still pressure at the daily level, and investors need to be cautious of resistance above.
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Trading volume: Increased activity, but major players are observing
In the hourly level trend, trading volume has increased, indicating that short-term market trading is relatively active. However, overall, the trading volume is still low, with no obvious signs of major capital entering the market, suggesting that large funds are still observing, and a big market movement is unlikely in the short term.
The daily level trading volume is relatively stable, with no obvious fluctuations, indicating that the market is still in a consolidation phase, and the short-term direction is unclear.
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Market enthusiasm: Attention has decreased
Although ETH/USDT ranks second among popular coins, the recent market enthusiasm has noticeably declined, indicating that the market's short-term expectations for it are not high. In other words, there is a strong wait-and-see sentiment in the current market, and short-term price fluctuations may not be too violent.
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Suggestion: Operate cautiously and wait for signals
In summary, ETH/USDT is currently in a consolidation phase, with a high likelihood of price fluctuations between $3800 and $4000 in the short term. In the short term, the market has some upward momentum, but the pressure above cannot be ignored. If you are a short-term trader, you can pay attention to the MACD golden cross signal at the hourly level and buy low and sell high appropriately; if you are a medium to long-term investor, you can wait for clearer volume increase signals before entering.
Finally, a reminder: in a volatile market, it is essential to strictly control positions and avoid chasing prices up and down. Maintaining patience is the best strategy until the market direction is clear.
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