The daily chart of the second coin shows that recent prices have continued to decline from the high of 4794 on August 14, forming a clear downward trend. Today's candlestick is a long bearish line, indicating strong bearish momentum. On the hourly chart, there have been multiple fluctuations near 4250, but it has not effectively broken through. The hourly MACD histogram is in the negative territory and gradually expanding, with both DIF and DEA diverging downwards, indicating strong bearish momentum. The hourly RSI value is 25, close to the oversold zone, suggesting a potential technical rebound demand in the short term, but overall remains weak. Currently, the coin price is below EMA7, EMA30, and EMA120, with all three moving averages displaying a bearish arrangement, primarily favoring low long positions!
The second coin retracement is around 4225-4260, with a target of 4355-4375 above. $ETH