Price Trend Analysis


Conclusion: ETH is forming a downward center in the 4-hour cycle, with a fluctuation range of 4300-4500. Within this range, sell high and buy low; if the range is broken, follow the trend.
K-line pattern:
Short-term correction is evident. After dropping from the high of 4490 to 4358, it rebounded, forming a V-shaped bottom structure. The key integer level of 4450 has been breached and turned into resistance. The previous high of 4490 constitutes strong pressure.
Technical Indicators:
The MACD continues to show a death cross and move downward, with the histogram expanding, indicating increased bearish momentum. The RSI is at 44, in a neutral zone but tilting downward, showing no signs of oversold divergence. The EMA7 has crossed below the EMA30/120, forming a death cross, and the price is being suppressed by all EMAs.
Trading Volume:
The period of sharp decline (such as the drop from 07:00 to 53 points) is accompanied by significant volume, confirming the validity of the downward trend. Currently, the volume during the rebound phase is shrinking, and a breakthrough above 4450 requires an increase in volume. #ETH#
ETH-2.07%
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GateUser-5550d7favip
· 09-02 02:14
The newbie still doesn't dare to enter, what a missed opportunity ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah ah.
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GateUser-488cbe78vip
· 09-01 06:32
On September 1, according to CoinGecko data, on the eve of WLFI's listing, the crypto market fell broadly, with the total market capitalization now reported at $3.81 trillion, and a 24-hour decline of 1.5%. On the decline leaderboard, meme coins led the way: NOBODY fell by 18.2% in a single day, BLOCK fell by 17.2%, and NEIRO fell by 17.3%. In terms of mainstream alts, SKL fell by 11.9% in a single day, and CFX fell by 10.6%.
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