ETH Afternoon Thought Analysis

The trend of ETH is similar to BTC, showing a medium-term downtrend + short-term weak oscillation state, specific analysis:

Medium-term trend: The price has sharply fallen from around 3050, and the current MA7 (short-term moving average) is still below MA30 (medium-term moving average), and both moving averages are trending downwards, indicating that the medium-term downtrend remains unchanged.

​ Short-term trend: Recently, after stopping the decline near 2806, it has entered a small range oscillation around 2830-2850, with weak rebound strength, belonging to the consolidation phase after the decline.

During the decline phase, the trading volume has significantly increased, but the trading volume has shrunk during the recent oscillation, indicating low short-term capital participation and lack of upward momentum.

Resistance level: The upper resistance near 2837-2831 is a short-term pressure point, and it is difficult to break through.

Currently, ETH is in the "weak oscillation consolidation after the decline" phase, medium-term bearish, and difficult to break through the oscillation range in the short term.

Operation suggestion: Make a position around 2830-2850 near the random number $ETH #币安HODLer空投AT .