From a multi-timeframe technical analysis perspective, ETH has recently experienced declines in both price and volume. Indicators such as MACD, moving averages, and RSI are all in a bearish state. The daily and hourly charts show sideways consolidation within support and resistance zones, with shrinking trading volume. Market sentiment is extremely panicked, and many short-term longs have been liquidated, but no clear reversal signals have appeared. The candlestick pattern is a "medium bearish candle + oversold" combination, indicating a potential short-term technical rebound. However, the overall trend has not entered a strong trending phase, so it is recommended to mainly observe for now.

ETH-1,29%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)