4.12 Ethereum Market Analysis

Recently, the price has been fluctuating around 1550, forming multiple small bearish and bullish candles, indicating a lack of clear direction in the market. The previous trading day saw a long upper shadow, suggesting strong selling pressure around 1570.

Technical Indicators

MACD: Both DIF and DEA are positive, but the MACD histogram is gradually shrinking, indicating a weakening of upward momentum.

RSI: The RSI hovers around 50, not entering the overbought or oversold zone, indicating a balanced market.

EMA: The price is below EMA7, EMA30, and EMA120, with short-term moving averages showing a downward trend, and medium to long-term moving averages also exhibiting downward pressure.

Trading volume shows: The trading volume in recent hours has remained around 5000, significantly reduced compared to previous high trading volumes, indicating a decline in market activity.

The previous trading day's trading volume reached 130,000, followed by a rapid shrinkage of volume, indicating a decrease in market participation.

Strategy reference points: Short near 1590-1580

Stop loss at 1610

Take profit at 1500-1510

The above opinions are for reference only and do not constitute investment advice. #以太坊