$ETH Evening Market Analysis is Here!
From the comprehensive assessment of the 4-hour K-line and indicators, the short-term trend of ETH is leaning bearish, with the core logic as follows:
1. Moving Averages and Channel Resistance: The price rebounded to the upper Bollinger Band (around 2482) and encountered resistance, falling back. It has not effectively broken through the pressure zone formed by previous highs, and the moving average system is showing a flat and converging trend, indicating that bulls lack sustained upward momentum.
2. Weak Momentum Indicators: Although the MACD shows green bars, it has not formed a strong bullish signal. The RSI is above the neutral zone of 50 but is turning downward, indicating a decline in upward momentum, and the release of overbought risk may trigger selling pressure.
3. Volume-Price Divergence Risk: During the rebound phase, trading volume has not significantly increased, showing insufficient capital support, making it difficult to break through key resistance. There is a technical need for a pullback.
If it breaks below the middle line of the Bollinger Band (around 2436), it may further test previous lows (such as the 2389 support); if it can stabilize above 2482 with increased volume, the bearish signal may be paused, and I will also combine K-line real-time tracking of volume and indicator recovery.
The specific trend will also depend on the release of data and the movement of US stocks tonight, so I currently recommend holding cash and watching. Fans who want to follow can pay attention to K Ge!
