ETH
It's really garbage, it truly is garbage
5.4 ETH breaks below previous low support, bears are about to exert force! Price is about to retract for testing!!!
1. Daily Analysis - Price has broken below support, bullish momentum is declining
From the daily chart perspective, ETH's rebound in recent days failed to effectively break through the upper Bollinger middle band (around 1850), and the current price has lost support and is approaching the lower Bollinger band (around 1825). Recent K-line patterns show signs of gradual weakness, with yesterday's and the day before's bearish candles engulfing the prior bullish candle, indicating insufficient bullish momentum.
The red MACD bars have gradually shrunk, and the fast and slow lines are beginning to flatten and approach a death cross, indicating that bearish momentum is gradually taking over. If the price continues to stay below 1830, it may further retract in the short term, with target support levels looking towards the 1815 and 1800 range.
From the daily chart perspective, ETH's rebound in recent days failed to effectively break through the upper Bollinger middle band (around 1850), and the current price has lost support and is approaching the lower Bollinger band (around 1825). Recent K-line patterns show signs of gradual weakness, with yesterday's and the day before's bearish candles engulfing the prior bullish candle, indicating insufficient bullish momentum.
The red MACD bars have gradually shrunk, and the fast and slow lines are beginning to flatten and approach a death cross, indicating that bearish momentum is gradually taking over. If the price continues to stay below 1830, it may further retract in the short term, with target support levels looking towards the 1815 and 1800 range.
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ETH
1,825.08
+0.44%