$ETH 【Ethereum Trend Analysis】
K-line Pattern:
Recently, a long bullish candle broke through the 2500 psychological level on the 1-hour chart, reaching a high of 2558 before retreating, forming a short-term resistance zone of 2550-2560.
On the daily chart, after the sharp drop on May 23, it has closed with three consecutive bullish candles, forming a 'Descending Three Methods' pattern, but has not effectively broken through the key resistance at 2600.
Technical Indicators:
MACD: On the 1-hour chart, the DIF crosses above the DEA forming a golden cross, but the histogram is starting to shrink; on the daily chart, it remains in a dead cross state.
RSI: The 1-hour chart hovers around 58, not entering the overbought zone; the daily chart at 63 is in a neutral to strong area.
EMA: The price is stabilizing above EMA7 (2534) but is under pressure from EMA120 (2546), and the 30-day moving average (2525) is about to cross above the 120-day moving average.
Trading Volume:
On the 1-hour chart, when breaking 2500, there was an accompanying volume of 26428, and the current pullback phase has seen volume shrink to 17644.
On the daily chart, the trading volume on the sharp drop day of May 23 was 971442, and the recent rebound phase maintains volume around 350,000 to 400,000.
The next post will announce today's strategy points, don't think about getting it for free, give a follow!
At ten o'clock, the trend of $BTC and today's trading strategy points will be announced!
Becoming a fan of Kun Ge is where the benefits are plentiful!
