Ethereum's performance yesterday showed a stepwise oscillation upwards. $ETH
After reaching a peak of 2480, it pulled back, touching a low of 2417. Currently, it is mainly oscillating along with Bitcoin.
The current coin price is operating around 2460. From the current 4-hour level trend, the market shows a rebound pattern of oscillation upwards, gradually regaining lost ground after the previous adjustment.
The candlestick combination indicates that the bulls are accumulating strength, but the rebound strength still seems insufficient, always constrained by the pressure of the middle band of the Bollinger Bands. From the observation of technical indicators, although the EMA moving average system maintains a short-term bullish arrangement, the distance between each period's moving averages is starting to narrow, suggesting that the upward momentum is weakening.
It is worth noting that the MACD indicator shows a positive signal of rising volume and price, with the DIF and DEA lines rising simultaneously, gaining momentum to break through the 0 axis, which is the dividing line between bullish and bearish.
At the same time, the candlestick is running below the resistance level of 2490 on the upper band of the Bollinger Bands!