📣 The trend continues to gap, and future operations should follow the trend!
In the early morning, Ethereum experienced a spike up and down, ultimately confirming a downward trend. Meanwhile, this evening, Ethereum gapped again, and future operations should focus on high positions; recently, Ethereum may approach around 1500!
【Analysis from Ethereum Price Trend Chart】
1. K-line Pattern:
Recently, the price has shown a significant pullback at high levels, forming a large bearish candle, indicating market selling pressure.
In the daily cycle, there was a long upper shadow in the previous period, indicating significant pressure from above.
2. Technical Indicators:
MACD: The current MACD histogram is in the negative area, and both DIF and DEA are diverging downward, indicating a bearish trend.
RSI: RSI has gradually declined from the overbought zone and is now close to the neutral zone, but still leans weak.
EMA: The short-term EMA7 has broken below the medium-term EMA30, indicating a weakening price in the short term; at the same time, the price is also below the long-term EMA120, showing an overall bearish trend.
3. Trading Volume:
Recently, the trading volume for several K-lines has significantly increased, especially during price declines, indicating strong selling pressure. In the daily cycle, the trading volume began to decrease after a surge, indicating a weakening bullish force.
Evening of 4/3 Ethereum steady earnings layout:
It is recommended to enter short positions around 1670-1690 for Ethereum, with target points: 1650-1600. For the medium to long term, we see 1500.
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