冰红茶的春天
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Ethereum (ETH) Latest Trend Analysis on May 16, 2025
$ETH
As of May 16, ETH prices continued to oscillate, with the latest quote around $2,575, and the intraday fluctuation range narrowed to $2,411-$2,708. Combined with market dynamics and technical indicators, the current trend shows the following characteristics:
1. Short-term technical bullish-bearish game
- Price and trading volume: The recent 4-hour K-line shows a 'bullish engulfing' candle, but overall trading volume decreased by 18%, forming a 'price up, volume down' pattern, indicating insufficient upward momentum and a strong market wait-and-see sentiment. The MACD histogram continues to shrink, KDJ is sticky at a high level, and the 30-minute RSI has fallen back to the neutral zone (57.8), indicating a stalemate between short-term bullish and bearish forces.
As of May 16, ETH prices continued to oscillate, with the latest quote around $2,575, and the intraday fluctuation range narrowed to $2,411-$2,708. Combined with market dynamics and technical indicators, the current trend shows the following characteristics:
1. Short-term technical bullish-bearish game
- Price and trading volume: The recent 4-hour K-line shows a 'bullish engulfing' candle, but overall trading volume decreased by 18%, forming a 'price up, volume down' pattern, indicating insufficient upward momentum and a strong market wait-and-see sentiment. The MACD histogram continues to shrink, KDJ is sticky at a high level, and the 30-minute RSI has fallen back to the neutral zone (57.8), indicating a stalemate between short-term bullish and bearish forces.
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