【ETH Price Trend Analysis】
1. K-Line Pattern:
- Recent prices have fluctuated in the range of 1830 to 1850, forming a narrow consolidation pattern.
- The daily chart shows a long upper shadow on May 1, indicating significant selling pressure above.
2. Technical Indicators:
- MACD: The 4-hour MACD is near the zero line, with a relatively balanced buying and selling force; however, the fast and slow lines show signs of convergence, requiring attention to subsequent direction choices.
- RSI: The current RSI value is 55.26, in the neutral zone, not entering overbought or oversold conditions, and may continue to maintain consolidation in the short term.
- EMA: The price is currently above EMA7 (1836.77), indicating a short-term bullish trend; however, it is not far from EMA30 (1818.62), and overall remains in a consolidation pattern.
3. Trading Volume:
- Recent trading volume has decreased, especially the volume of the latest K-line is significantly lower than the previous ones, indicating a decline in market activity.
【Buy and Sell Points】
- Buy Point One: 1810 USDT (close to the previous low support level, near EMA30 which may provide support)
- Buy Point Two: 1795 USDT (integer support level, close to the lowest price area on April 30)
- Long Stop Loss Point: 1785 USDT (10 units below Buy Point Two, to guard against breaking key support)
- Sell Point One: 1850 USDT (recent high point pressure, selling pressure exists at integer levels)
- Sell Point Two: 1865 USDT (close to the high point of the long upper shadow on May 1, further pressure zone)
- Short Stop Loss Point: 1875 USDT (10 units above Sell Point Two, to guard against breaking key resistance)