Ethereum (ETH) candlestick chart
The following is the forecast and operation suggestions for Ethereum's short-term trend today.
Today's operation suggestions
First position): 3200 USDT
Second position): 3150 USDT
Stop loss: 3320 USDT
Prediction direction
As can be seen from the figure, Ethereum has shown a clear downward trend recently, and the current price is 3242.49 USDT. The candlestick chart shows that the price is hovering between the middle and lower tracks of the Bollinger Bands, and the moving average system is overall in a short position. The CCI indicator is below the zero axis, indicating that there is a certain amount of selling pressure in the market. Therefore, it is expected that Ethereum may continue to decline today, with the target downward range between 3200 USDT and 3150 USDT.
Combined with more technical analysis
Moving Average System (MA): The short-term moving averages (MA5, MA10) are diverging downwards and the price is below these moving averages, indicating that the market is biased towards the bearish side in the short term.
Bollinger Bands: The price runs between the middle and lower bands of the Bollinger Bands, and the middle band slopes downward, indicating that the market is in a weak state.
CCI indicator (20): The CCI indicator is in the negative area, and the current value is -44.90, which shows that there is a certain selling pressure in the market and it may continue to decline in the short term.
