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.
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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.