#ETH🔥🔥🔥🔥
As for Ethereum, after rising to 3200 in the evening, it also came under pressure and entered a correction trend. At present, the lowest has reached 3031. From the K-line pattern, the price has fluctuated frequently in the range of 3300 to 3000 recently, and the upper shadow line has appeared many times.
The technical indicator MACD shows that the current DIF and DEA are both negative, but there are signs of convergence. This means that after this wave of adjustment and bottoming out, Ethereum is expected to usher in an upward trend again.
Moreover, from the current large level, the upward trend of the price ratio has not stopped there, and the pull-up has not ended. In terms of the market outlook, we still need to remain vigilant and focus on whether the previous large negative line can be maintained. This will be an important basis for us to judge the market outlook.
It is recommended to place more orders at 3030-3050, and the target is around 3200