$ETH
【Price Trend Analysis】
K-line Pattern:
Recently, the price has formed a double top pattern around 2700, followed by a significant pullback, indicating heavy selling pressure above.
The price has tested support multiple times around 2650, forming a short-term bottom, showing that there is buying support in this area.
Technical Indicators:
MACD: DIF and DEA have crossed below the zero axis, and the MACD histogram has shifted from positive to negative, indicating weakened short-term momentum.
RSI: RSI has retreated from the overbought zone to the neutral zone, indicating that market sentiment has shifted from overheating to neutral.
EMA: The price has fallen below EMA7 and EMA30, but remains above EMA120, indicating a weak short-term trend, but the long-term trend is still bullish.
Trading Volume:
The price has declined with increased volume around 2700, indicating significant selling pressure, and market participants are choosing to take profits in this area.
The trading volume has increased around 2650, indicating that capital is entering this area, forming short-term support.