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A simple analysis of the current Ethereum.
Currently, at the hourly level, the Bollinger Bands still show a downward opening shape. However, the MACD histogram has gradually converged towards the zero axis, indicating a certain weakening of bearish momentum. At the same time, the KDJ indicator has formed a golden cross at a low level and is extending upwards, suggesting the possibility of a short-term conversion between bulls and bears. Overall, the market structure is still dominated by bears; however, various short-term indicators show signs of divergence and repair, so it is necessary to cautiously pay attention to whether an effective breakthrough can be achieved in key resistance areas for subsequent rebounds.
