ETH Midday Observation

Brothers, let's take a look at ETH's market at noon. The situation isn't particularly strong.

First, looking at the moving averages, EMA7 has already turned downwards and has formed a dead cross with EMA30. The current price is also hovering below these two lines. This signal is very clear; the short-term trend is indeed weak, and it won't be easy to strengthen immediately. Everyone should have a psychological expectation.

Next, looking at MACD, both DIF and DEA are still below the zero axis, indicating an overall bearish atmosphere. However, there is a small change; the previous green bars are shortening, and now we have even started to see a bit of red bars, which means the bearish momentum is slowly weakening. But be careful, a golden cross hasn't formed yet, so don't rush to enter the market; we need to wait for clearer signals.

Finally, looking at the RSI indicator, the value for the 1-hour line is 34.3, which is approaching the oversold range, while the 4-hour line is at 48.2, maintaining a neutral position. This is interesting; from a short-term perspective, the conditions for a technical rebound are already in place, but it’s still uncertain how strong the rebound will be. We need to see if the subsequent price can hold.

Opinion

Around 4260-4280, or choose the right moment. First, look at the area around 4340-4370. Of course, the market changes quickly, so always keep an eye on the market. If it hasn't dropped to the expected position or the rebound strength is insufficient, just don't force it #ETH走势分析 .