LinMiao
vip

ETH 4 hours 【Price Trend Analysis】


K-line pattern:
The price has been fluctuating around 3400 recently, forming a small consolidation range.
On December 23, a long lower shadow appeared, indicating strong buying support.
Technical indicators:
MACD: The current DIF and DEA are both negative, but the MACD histogram is starting to shrink, indicating a weakening bearish momentum and a possible shift to bullish.
RSI: Currently, RSI is close to 50, in the neutral zone, without any obvious overbought or oversold signals.
EMA: The price is running above EMA7 (3375.40) and gradually approaching EMA30 (3430.12), indicating a short-term bullish trend. However, attention should be paid to whether it can break through EMA30 to confirm a stronger uptrend.
Volume:
In recent cycles, there has been a decrease in trading volume, and the market sentiment is cautious.
After a substantial increase on December 23rd, the trading volume decreased on the 24th, indicating some profit-taking.
【Buy/Sell Points】
Buy Point 1: 3350 USDT (close to the previous low, potential support may exist)
Buy Point 2: 3300 USDT (integer support level, and close to the lowest price near December 23rd)
Long position stop-loss point: 3275 USDT (slightly below the lowest price on December 23, to prevent false breakouts)
Sell Point 1: 3450 USDT (Near EMA30 resistance level, possible selling pressure)
Sell Point 2: 3500 USDT (integer barrier pressure, historical high area)
Short-selling stop-loss point: 3550 USDT (higher than the second selling point, to avoid being liquidated by market fluctuations)
4-hour price trend of ETH: sideways
Based on data model derivation, analysis does not constitute investment advice, for reference only!
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
  • 1
  • Share
Comment
0/400
LaCrossevip
· 2024-12-25 00:04
Dynamic daily attendance posting, not less than fifty characters not less than fifty characters not less than fifty characters not less than fifty characters not less than fifty characters not less than fifty characters not less than fifty characters not less than fifty characters not less than fifty characters not less than fifty characters
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 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)