【Price Trend Analysis】
1. K-Line Pattern:
- The daily level shows that the recent price has continued to fall from the high of 2879, forming a series of bearish candles, indicating a clear downtrend.
- In the 4-hour period, a long lower shadow appeared on June 13 (lowest 2436.98), followed by a rebound, but overall it remains in a low-level consolidation.
2. Technical Indicators:
- MACD: In the 4-hour period, both the DIF and DEA are below the zero axis, and the histogram is negative, indicating that bearish momentum is dominant; however, there are signs of a decrease in volume, which may indicate a weak recovery phase.
- RSI: The current RSI (14) is around 41, not in the oversold zone but close to a low level, indicating weak market sentiment.
- EMA: The price is currently running below EMA7, EMA30, and EMA120, with short, medium, and long-term moving averages in bearish alignment, and EMA7 is exerting pressure on the price.
3. Trading Volume:
- Daily trading volume is gradually shrinking, with declining volume from June 12 to the present, indicating that the bearish momentum is weakening.
- In the 4-hour period, after a significant drop in volume on June 13, the subsequent rebound was accompanied by a significant decrease in trading volume, showing a strong wait-and-see sentiment among funds.
ETH Today's Price Trend Prediction: Sideways
Analysis is based on data model inference, does not constitute investment advice, for reference only.