$ETH Price Trend

From the candlestick chart, Ethereum's price once rose to 4,957.98, then fell sharply to 4,670.03. Currently, the price is fluctuating around 4,758.09, indicating intense competition between bulls and bears in the market, and the short-term price trend is volatile.

Moving Average (EMA and MA)

The chart shows EMA24 (4,776.12), EMA48 (4,735.90), EMA96 (4,635.89), EMA192 (4,525.08), as well as MA30 (4,783.39), MA60 (4,768.74), MA120 (4,521.39).

The current price is below EMA24 and is suppressed by the short-term moving average, and the short-term moving average EMA24 has a tendency to cross below EMA48, suggesting that the short-term bearish force is increasing; at the same time, the price is near MA60, and MA60 has a certain support and suppression contention for the price.

Volume (VOL)

During the sharp price decline, the trading volume increased significantly, indicating that the market is under great selling pressure and the trading activity is high. Subsequently, during the price rebound and consolidation phase, the trading volume decreased, indicating that market sentiment has eased and the strength of buyers and sellers is rebalancing.

Relative Strength Index (RSI)

RSI1 is 45.25, RSI2 is 46.94, and RSI3 is 51.75. The values are fluctuating around and below 50, indicating that the market's bullish and bearish forces are relatively balanced, and the overall market is in a weak range, with the bullish forces not yet dominating.

KDJ indicator

In the KDJ indicator, the K value is 25.46, the D value is 26.41, and the K and D line values are close and in a low position, indicating that the market is in a weak pattern in the short term, but the downside space may be limited.

Bollinger Bands (BOLL)

The BOLL20 indicator shows that the middle track is 4,785.65, the upper track is 4,890.72, and the lower track is 4,680.58. The current price is below the middle track of the Bollinger Bands, indicating that the market is in a relatively weak state. The price may be suppressed by the middle track, and the opening of the Bollinger Bands has signs of narrowing, indicating that the subsequent price fluctuation range may decrease.

MACD indicator

In the MACD indicator, the DIF value is 40.22, the DEA value is 53.42, the MACD value is -26.40, and the histogram is below the zero axis, indicating that the current market is dominated by bearish forces, but the length of the MACD histogram has a shortening trend, which means that the bearish forces are gradually weakening.

Overall, Ethereum is in a volatile and weak pattern in the short term. The bearish forces dominated the previous sharp decline, but the bearish forces have weakened, and the bullish and bearish forces tend to be balanced. In the future, we need to focus on whether the price can break through the suppression of the upper moving average (such as EMA24) and the middle track of the Bollinger Bands, and at the same time combine the changes in volume to judge the market trend. In addition, the cryptocurrency market is affected by various factors such as macroeconomics, policy news, and market sentiment, and the trend has great uncertainty. Investors need to consider carefully when making decisions.