$ETH - Price and Moving Averages: After peaking at 4957.98, it has retraced to 4662.00, currently below the EMA24, EMA48 and other moving averages, with a bearish arrangement of short-term moving averages, constrained by the moving averages.
- Trading Volume: The volume changes with fluctuations; it increases during the downtrend, reflecting selling pressure, while it stabilizes during the consolidation phase, indicating a temporary balance between bulls and bears.
- RSI: The three lines (54.44, 46.98, 47.36) are around 50, with relative balance between bullish and bearish forces, showing no significant overbought or oversold conditions.
- KDJ: K (49.35) > D (39.11), indicating a golden cross trend, suggesting potential weak rebound momentum in the short term.
- Bollinger Bands: The price is below the middle band, which is sloping downwards, indicating a weak pattern, with the lower band (4534.51) possibly providing support.
- MACD: DIF (-10.74) < DEA (8.02), with green bars continuing, indicating that bears still have dominance, but the shortening of green bars suggests a potential weakening of bearish momentum.
Summary: Short-term oscillation is slightly weak, with bears in control but their strength diminishing. Watch for the possibility to break through the resistance of moving averages and the middle band of Bollinger Bands, along with volume support. Cryptocurrency can be volatile, so it is crucial to consider news factors and operate cautiously.
