Ethereum

Current trend is in a sideways consolidation. After a decline to around 4670, it rebounded to 4765. Currently, it is oscillating between the MA5 and MA10 on the hourly chart. The MA indicator MA5 has crossed below MA10 from above forming a death cross, but it has not touched the lower middle line of the Bollinger Bands and is currently between MA5 and MA10. The Bollinger Bands are showing signs of tightening, indicating that a sideways consolidation is about to occur. The MACD indicator is forming a death cross and moving downward above the 0 axis. The RSI indicator has formed a golden cross in the oversold area, indicating a potential rebound in the market.

In summary, the current situation is in a sideways consolidation state. If it stabilizes at the key level of 4742, it may rise again.

Consolidation range: 4726--4771

Upper resistance: 4780, 4800

Lower support: 4710, 4680, 4610