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$ETH 1.6 Evening Analysis
ETH 4-hour chart shows a clear downtrend: the price has broken below the short-term moving averages, facing resistance below a key resistance level. The MACD histogram is flat and bearish, indicating that the bullish momentum is weakening. The RSI indicator is declining, showing increasing selling pressure. Trading volume is shrinking simultaneously, with insufficient upward momentum, increasing the probability of a downward move after consolidation.
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