Ethereum

View on April 10, 2025

From the hourly chart, the Bollinger Bands are opening upwards, corresponding to the range of 1786-1414, with the midline trending down corresponding to a price of 1600. The current coin price is experiencing a downward correction.

The 5-day moving average and the 10-day moving average are about to cross downwards, with the closing price of the 5-day moving average corresponding to 1652, and the closing price of the 10-day moving average trending down corresponding to 1650. The market is slightly declining, with support in the range of 1600-1540.

The MACD fast and slow lines are crossing upwards with a golden cross, but bullish momentum is gradually weakening as the fast line begins to close with the coin price declining.

The RSI has a dead cross trending down, corresponding to values of 71.5-81, indicating a market downturn.

From the perspective of price fluctuations, Ethereum's low point yesterday was 1383, and the second low point was 1414, without breaking the previous low, followed by a unilateral rise.

There is a price resistance level at 1730 above, and a support level at 1600 below. Currently, from the candlestick chart, it appears to be in a sideways consolidation range of 1620-1670.