8.4 Evening ETH Analysis

ETH is currently in a range-bound state following Bitcoin, with technical signals indicating a weakening market momentum. The moving averages are entangled and the slope is flattening, BOLL bands are converging, and RSI is in a neutral zone, indicating a balanced market sentiment with a lack of clear trend direction in the short term. Additionally, trading volume has drastically shrunk, and the price increase has not gained volume confirmation, posing a risk of divergence between price and volume, necessitating caution against false breakouts or declines.

Suggested operation: Watch around 3540, maintain a stop loss, and first look towards 3600#币圈 $ETH .