【7.29 Ethereum Trend Analysis】
K-line pattern: The recent price fluctuated in the range of 3180 to 3400, forming a shock consolidation pattern. A long lower shadow appeared on July 26, indicating strong support below; the K-line gradually rose in the following days, but the pressure from above was obvious.
Technical indicators: MACD fast and slow lines are golden crosses below the zero axis, and the bar chart turns from negative to positive, showing a short-term rebound signal. The daily MACD is still in the short position area, and subsequent changes need to be paid attention to. RSI is close to the overbought area but has not entered, indicating that the upside space is limited. The daily level is in a neutral and weak state. The short-term EMA moving average shows a bullish arrangement, but the long-term moving average is obviously suppressed.
Trading volume: The trading volume has increased since July 26, indicating that the market sentiment is relatively active. The trading volume has been relatively stable in recent trading days, with no obvious signs of increase or decrease, indicating that the market is in a wait-and-see mood.
Intraday recommendations:
Long: 3250-3200 range Target: 3350-3400
Short: 3450-3470 range Target: 3400-3300
