ETH currency market analysis

ETH Fang, let’s take a look at the daily line, it’s the same. The moving average MACD has formed a time difference above the 0 axis and is heading below the 0 axis. The energy column of MACD is also moving below the 0 axis, indicating that the upward momentum is still insufficient. When the moving average formed a time difference, there were still signs of disk protection below, but his volume energy did not keep up, unless the MACD threw this energy column again, indicating that the bulls can still continue. However, in the current situation, it is still not supported overall. We can take a look at the short-term level.

ETH square, and a double bottom is also formed underneath. We can take a look at the Fibonacci through which its starting position is blocked at this 2,377. Look further down and see the position of this autonomous swap around 2,000 150. The current price is at 2,239. According to Fibonacci, he is the same as BTC, also retraced to 0.382. If he’s strong today, we can see 2,267. If there is resistance around here, we can see a wave downward. As you can see, the 4-hour level is above the consolidation of a yin line, which is a very standard tower-shaped top. The top of the tower is generally difficult to reverse in a short period of time, it is very difficult, and the BTC is also the same tower-shaped bottom, and it is difficult to take back the tower-shaped bottom when it is generally broken. We can incorporate through a callback, and generally a callback to 0.382 or 0.5 can be resolutely looked down.

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