$ETH 【Ethereum Trend Analysis】
Candlestick Pattern:
A long lower shadow appeared on the 1-hour chart (rebounds from a low of 2557.07), indicating short-term support.
The daily chart has seen two consecutive bearish candles, breaking below the previous day's low of 2619.05, with bears in control.
Technical Indicators:
MACD: On the 1-hour chart, the DIF and DEA are diverging below the zero line; on the daily chart, the MACD histogram has turned from positive to negative, indicating a bearish outlook across both time frames.
RSI: The 1-hour RSI (43) has not entered the oversold zone, while the daily RSI (64) has retreated from the overbought zone, suggesting that the adjustment is not yet over.
EMA: The price has continuously broken through the 1-hour EMA7 (2622) and EMA30 (2656), with the daily EMA7 (2613) becoming a key resistance level.
Volume:
On the 1-hour chart, volume increased at the low of 2557 (68663), but the rebound volume has been decreasing step by step.
On the daily chart, as the price declines, volume has increased (from 811567 on May 29 to 117134 on May 30), indicating the release of bearish momentum.
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