The weekend market trend will be relatively stable. Everyone should try to keep their hands off during the weekend and reduce the frequency of trading. Enjoy your meals and leisure activities.
From a daily perspective, both KDJ and MACD are currently in a fluctuation phase. Overall, BOLL is still continuing to fluctuate upward; on the main chart, the MA5 and MA10 daily moving averages are consolidating and moving upwards, while the lower MA30 is continuously strengthening. Today's main K is once again closing in the red, while yesterday's K closed in the green. The repeated green and red TD1 and TD2 indicate that market volume is not strong and are a signal for adjustment.
From a 4-hour short-term perspective, KDJ and MACD are currently oscillating downwards. Although the price of Ethereum has dropped below the middle track of BOLL, the middle and lower tracks are still moving upwards, indicating strong support at the bottom. On the main chart, Ethereum is currently hovering between the 5-day and 30-day moving averages, undergoing adjustment. However, MA30 is still in a strengthening phase. Currently, the short-term indicators show conflicts, but the strengthening of BOLL and the MA30 daily moving average indicates that the short-term oscillation rhythm is mainly towards a slight upward movement.
A gentle reminder: Do not have too many fantasies about the weekend market. It is inevitable that it will move within a range, and the direction will have a slight upward tilt. The key resistance at the high point is still referenced in the 2700-2760 range; if broken, then look towards 3000. The volume over the weekend is not expected to support Ethereum reaching 3000 directly, so everyone should rationally view the trading market over the weekend! #ETH