【Price Trend Analysis】
1. K-Line Pattern:
- Recent K-lines show a volatile trend, with prices fluctuating within the range of 3900-3960, testing the support near 3930 multiple times.
- After a significant drop on October 24, the market rebounded and is currently in a high-level consolidation phase.
2. Technical Indicators:
- MACD: The current MACD histogram is shortening in red, with the fast and slow lines gradually approaching the zero axis, indicating a weakening bullish momentum, possibly entering an adjustment phase.
- RSI: The RSI value is 51.94, in a neutral zone, not entering the overbought or oversold areas, suggesting that the market currently has no obvious trend direction.
- EMA: EMA7 (3936.32) is close to the closing price, forming resistance; EMA30 (3918.18) provides some support; EMA120 (4026.36) is far from the current price, overall still in a bearish arrangement.
3. Trading Volume:
- Recent trading volume has decreased, from 1151 on October 25 compared to 2000, indicating reduced market activity.
- During the significant drop on October 24, the volume increased significantly, followed by a gradual decline in trading volume, with market sentiment stabilizing.
ETH Today's Price Trend Prediction: Sideways
Analysis based on data model inference, does not constitute investment advice, for reference only. $ETH
