$ETH Ethereum 4-hour Level Market Analysis:
1. Candlestick Pattern:
The daily level shows a recent continuous price decline, forming multiple bearish candles, overall presenting a weak pattern.
In the 4-hour cycle, after a significant drop on June 13, it is currently in a low-level consolidation phase.
2. Technical Indicators:
MACD: In the 4-hour cycle, both DIF and DEA are operating below the zero axis, and the histogram shows negative values, indicating that bearish forces are dominant, but there are signs of decreasing volume.
RSI: The RSI value in the 4-hour cycle is around 40, not entering the oversold range, but still weak; the short-term rebound strength is limited.
EMA: The price is currently hovering around EMA7 (2527), constrained by EMA30 (2583), with obvious pressure above, and the downward trend has not yet been reversed.
3. Trading Volume:
The daily trading volume is gradually shrinking, indicating that market sentiment is relatively cautious, with a strong wait-and-see atmosphere.
In the 4-hour cycle, volume increased during the drop on June 13, followed by a significant reduction in volume, reflecting a temporary stalemate between bulls and bears.
🔸 The 4-hour level is still in a horizontal consolidation!
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The above content only represents personal opinions and does not constitute any investment advice!