$ETH is currently in a range-bound state, with prices fluctuating narrowly between the key support level of 4312 and the resistance level of 4323.
Short-term moving averages support the price, forming a three consecutive bullish candle pattern, suggesting signs of a short-term rebound, but trading volume has drastically decreased, leading to a severe divergence between price and volume, indicating insufficient upward momentum, and the long-term trend remains bearish.
The current market is in a range-bound state, with prices near the strong resistance level of 4323, and the decrease in trading volume has created a divergence between price and volume, indicating insufficient upward momentum. Target 4333 for short positions, take profit at 4265, and stop loss at 4358.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.