ETH
Review of yesterday's Ethereum with a maximum of 3654 and a minimum of 3512
Bollinger Bands
The current 4-hour chart is in a fluctuating upward phase with three lines parallel and fluctuating, leaning towards upward fluctuation.
The three lines correspond to prices 3664, 3495, 3322.
The bullish momentum on the 4-hour level is weakening, while the bearish momentum on the 1-hour level is starting to weaken, indicating a reduction in downward momentum, possibly leading to an upward movement.
Moving Averages: On the 4-hour chart, MA5 crosses downwards through MA10, indicating a death cross and downward movement, with the K-line positioned between the short-term moving averages MA5 and MA10.
On the 1-hour chart, MA5 crosses upwards through MA10, indicating a golden cross and upward movement, with the K-line positioned above the short-term moving averages MA5 and MA10.
MACD
The MACD indicator on the 4-hour chart is above the 0 axis and bullish momentum is weakening.
On the 1-hour chart, it is above the 0 axis and bearish momentum is weakening, suggesting a possible price increase.
RSI Indicator
The 4-hour RSI indicator is currently in a normal trading range with a golden cross and corresponds to the range of 59, 57.
The 1-hour RSI indicator is currently in a normal trading range with a double line upward corresponding to the range of 45, 38.
Conclusion: The market is fluctuating, leaning towards upward fluctuation.
Resistance Levels: 3591, 3638, 3689
Support Levels: 3552, 3542, 3512
Low Long Strategy: Establish a long position when the pullback does not break below 3574, add positions at 3558, stop loss at 3541.
First take profit at 3614, second take profit at 3635.
High Short Strategy: Establish a short position if it does not break and stabilizes above 3615, add positions at 3614, stop loss at 3630.
First take profit at 3551, second take profit at 3541.