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The Bollinger Bands are slightly opening, corresponding to the range of 2745--2688, with the middle line's horizontal trend corresponding to the price of 2717. ETH is above the middle line, experiencing an overall oscillation and upward breakout before falling back to near the middle line. Currently, it is in the oscillating downward phase!
Moving Average Indicator Analysis
The 5-day moving average and the 10-day moving average have crossed into a golden cross, moving upward and crossing the 30, 60, and 120-day moving averages from below. The moving averages show a bullish arrangement, with the 30-day moving average trending upward corresponding to the price of 2710. The 60-120 day moving averages are horizontally trending, respectively corresponding to prices of 2698--2699, forming the support price below! The 240-day and 360-day moving averages are about to cross, corresponding to support prices of 2686-2688! ETH is currently fluctuating within the range of the 5-day and 10-day moving averages!
MACD Indicator Analysis
The MACD fast and slow lines have crossed into a golden cross. The fast line is beginning to converge, with both lines forming a death cross trend. The bullish momentum is beginning to weaken, causing the market to fluctuate downward and adjust!
The RSI has crossed into a death cross downward, corresponding to values of 68---83, which is in the overbought phase, leading to a technical downward adjustment!
ETH Market Summary
ETH's current fluctuation range is between 2720---2735, with an overall fluctuation range of 2850～2630
Lower support: 2688--2700
Upper pressure: 2758
ETH trend: oscillating downward adjustment, breaking below the MA10 moving average and continuously declining to near the MA30 moving average, corresponding to prices of 2710～2700
Rebound point: 2680～2700, aggressive traders can enter small positions near 2710, with additional purchases at 2680, 2630
