4.24 Thursday ETH Analysis
From the market conditions, the 4-hour MACD histogram is shrinking, with the fast and slow lines converging. The 4-hour RSI value is 65 (neutral to strong), but the daily RSI has reached the overbought area of 70, showing signs of divergence in volume and price, which requires caution for the risk of a pullback after a rise. The daily trading volume is shrinking while the price is rising, indicating insufficient bullish momentum.
Suggested Actions
Buy: Price stabilizes at 1770, target 1820
Sell: Price breaks below 1710, target 1650
