【7.24 Ethereum Trend Analysis】
K-line pattern: Recently, the price has encountered resistance near 3500 many times, forming an obvious pressure level. Several recent K lines have shown greater volatility, especially the sharp swings on July 23 and 24.
Technical Indicators: The MACD histogram turns from green to red, indicating that the strength of shorts has weakened and a rebound is possible. The RSI is close to the neutral zone and has not entered the overbought or oversold range. There may be a slight correction in the short term. The short-term trend of EMA is still bearish.
Trading volume: Trading volume increased significantly on July 23 and then gradually decreased, indicating that market sentiment has cooled down. The trading volume in the early trading on July 24 was relatively small, and the market had a strong wait-and-see sentiment.
Suggestions for the day:
Long: 3400-3380 range Target: 3500-3550
Long: 3350-3230 range Target: 3400-3500-3700
Empty: 3510-3535 range Target: 3460-3420-3350