From the 4-hour technical perspective, the MACD green energy bars continue to be in the negative range, and the bars are gradually lengthening, indicating that the bearish momentum in the market is still being released; currently, there are no signals of a decrease in energy bars or a turn of indicators to suggest a stop in the decline. The short-term market is still dominated by bears, and the downward trend has not changed.
Operation suggestion: You can arrange the layout around 3320 and 3380.
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11.5 Evening ETH Market Analysis
From the 4-hour technical perspective, the MACD green energy bars continue to be in the negative range, and the bars are gradually lengthening, indicating that the bearish momentum in the market is still being released; currently, there are no signals of a decrease in energy bars or a turn of indicators to suggest a stop in the decline. The short-term market is still dominated by bears, and the downward trend has not changed.
Operation suggestion: You can arrange the layout around 3320 and 3380.