【$ETH Trend】
1. K-Line Pattern:
- Recent prices show a fluctuating downward trend, with two consecutive days of closing in red on December 15 and 16, along with significant volatility.
- A long upper shadow appears on the daily chart (like on December 15), indicating heavy selling pressure above.
2. Technical Indicators:
- MACD: The 4-hour MACD continues to operate below the zero line, with a widening negative DIF and DEA, indicating a dominant bearish force, but there are signs of short-term weakening.
- RSI: The RSI(14) is currently at 32.27, approaching the oversold range, which may suggest a rebound demand, but overall still leans towards weakness.
- EMA: Current prices are below the EMA7, EMA30, and EMA120 moving averages, with EMA7 rapidly crossing below other moving averages, forming a bearish arrangement, clearly indicating a downward trend.
3. Trading Volume:
- On December 15, trading volume significantly increased, accompanied by a sharp decline, indicating panic in market sentiment and strong selling pressure.
- On December 16, trading volume shrank, suggesting that downward momentum has temporarily weakened.
【Daily Line #ETH走势分析 Points】
- Buy Point One: 2900 (close to a round number, also the upper support area near the recent low of 2876)
- Buy Point Two: 2850 (further close to the previous segment low of 2876, and a stronger support range)
- Long Stop-Loss Point: 2835 (if it falls below Buy Point Two, 15 USDT, confirming the continuation of the downward trend)
- Sell Point One: 3000 (round number resistance point, also close to the upper resistance area near the EMA7 moving average of 2972)
- Sell Point Two: 3050 (close to the previous high of 3063 and the pressure area at the EMA30 moving average of 3083)
- Short Stop-Loss Point: 3075 (if it breaks above Sell Point Two, 25 USDT, confirming the continuation of the upward trend)
Recommendation: Focus on short positions, with small long positions.