$ETH - Downside Risks Amid Volatility: According to some forecast data, the expected price of ETH on April 20 is $1590.26, a change of -0.44% from the previous day. In the following days, price predictions show some fluctuations, with an expected drop of 1.39% to $1575.08 on April 21. Although there are predictions for increases afterward, the overall volatility is significant, and market uncertainty is high.
Technical Indicators
- Multi-Period Indicator Divergence: On the four-hour chart, ETH shows a short-term bullish trend, with the 50-day moving average rising, indicating a strong short-term trend. However, on the daily chart, ETH is bearish, with the 50-day moving average above the price and trending downward, potentially forming resistance for future prices. The 200-day moving average has been declining since March 21, indicating a weak long-term trend. Nevertheless, on the weekly chart, ETH shows bullish tendencies again, with both the 50-day and 200-day moving averages rising, providing some support for the price.
Market Sentiment
- Cautious: The market sentiment index shows that the fear & greed index is at 32, indicating a state of fear, suggesting that investors are relatively cautious about the market.
The above content is compiled from public information and does not constitute investment advice. The cryptocurrency market is highly risky and uncertain, with significant price fluctuations.