📣12/16 Ethereum Trend Detailed Analysis and Trading Recommendations:
As shown in the four-hour trend chart, currently Ethereum's movement has evolved from an upward channel into a downward channel. The current trend may see a pullback to test the previous low around 2720.
Based on the four-hour Ethereum price trend analysis, in the last 4-hour cycle, the price rebounded gradually from a low of 2920 to 2954, forming a small bullish candlestick, but overall it remains in a downtrend. The daily chart shows three consecutive days of bearish closes, and yesterday's low of 2876 approached the previous support zone, indicating a short-term rebound may be needed. The MACD on the 4-hour cycle shows the histogram remains in negative territory, with the fast and slow lines below zero, indicating bearish momentum is dominant but weakening. The RSI on the 4-hour cycle is 36.15, not yet in oversold territory but leaning towards weakness; the daily RSI is relatively low, reflecting market sentiment fatigue. The current price is below the EMA7 (2978) and EMA30 (3075), showing short-term resistance from moving averages. EMA120 (3102) is far from the current price, indicating the long-term trend remains bearish. The 4-hour volume is 43,506, which has decreased compared to previous volume spikes, suggesting a temporary stalemate between bulls and bears. The daily volume is 159,353, significantly lower than during recent sharp declines, indicating decreased market activity.
12/16 Ethereum Trading Recommendations:
It is advised to short Ethereum on rebounds to the 2960-2980 range, with target levels at 2920-2880-2840, and a break below 2800 with a target near 2720.
The trend continues to rebound; consider adding to short positions around 3030, with target levels at 2970-2920!
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.
📣12/16 Ethereum Trend Detailed Analysis and Trading Recommendations:
As shown in the four-hour trend chart, currently Ethereum's movement has evolved from an upward channel into a downward channel. The current trend may see a pullback to test the previous low around 2720.
Based on the four-hour Ethereum price trend analysis, in the last 4-hour cycle, the price rebounded gradually from a low of 2920 to 2954, forming a small bullish candlestick, but overall it remains in a downtrend. The daily chart shows three consecutive days of bearish closes, and yesterday's low of 2876 approached the previous support zone, indicating a short-term rebound may be needed. The MACD on the 4-hour cycle shows the histogram remains in negative territory, with the fast and slow lines below zero, indicating bearish momentum is dominant but weakening. The RSI on the 4-hour cycle is 36.15, not yet in oversold territory but leaning towards weakness; the daily RSI is relatively low, reflecting market sentiment fatigue. The current price is below the EMA7 (2978) and EMA30 (3075), showing short-term resistance from moving averages. EMA120 (3102) is far from the current price, indicating the long-term trend remains bearish. The 4-hour volume is 43,506, which has decreased compared to previous volume spikes, suggesting a temporary stalemate between bulls and bears. The daily volume is 159,353, significantly lower than during recent sharp declines, indicating decreased market activity.
12/16 Ethereum Trading Recommendations:
It is advised to short Ethereum on rebounds to the 2960-2980 range, with target levels at 2920-2880-2840, and a break below 2800 with a target near 2720.
The trend continues to rebound; consider adding to short positions around 3030, with target levels at 2970-2920!
Market conditions change rapidly. This article is timely, and real-time strategies are provided free of charge!$BTC $ETH #BTC行情分析 #市场触底了吗? #ETH走势分析 #比特币跌破关键价位 #美联储降息预测 $BTC $ETH