ETH 4-hour line [price trend analysis]
Candlestick pattern:
The recent 4-hour Candlestick shows that the price has recovered after a period of fall, but the overall trend is still weak. The latest Candlestick Closing Price are close to Opening Price, suggesting that the market has a degree of equilibrium in the short term.
On the daily level, the price Rebound slightly after the sharp fall on April 24, but failed to effectively break through the previous high, suggesting that there may be a strong resistance level.
Technical indicators:
In the MACD indicator, DIF and DEA are both in the positive zone, but the MACD histogram has turned from positive to negative, showing that the momentum of the longest is weakening, which may indicate a weakening trend or sideways consolidation in the short term.
The KDJ indicator shows that the J-value has shown a downward hook in the latest 4-hour candlestick data, while the K and D lines have also started to turn downward, which is usually seen as a sell signal.
EMA7 and EMA30 show a death cross on the 4-hour chart, i.e. EMA7 crosses EMA30 downward, further confirming the short-term falling trend.
Volume:
The trading volume on the 4-hour chart is enlarged when the price falls, especially during the period from 20:00 on April 24 to 00:00 on the 25th, indicating that there is more pressure on sellers during the fall.
On the daily level, the Trading Volume on April 24 was much higher than the previous day and was accompanied by a sharp downward fall in prices, which usually indicates panicked market sentiment and could lead to more long selling.
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Little A - Intelligent Analysis
【Buying and selling points】
Buy point 1: 3125 USDT (this price is the low of the recent 4-hour candlestick, if the price can stabilize at this support level, it may be an opportunity to enter the market to go long)
BUY POINT 2: 3102.5 USDT (On the daily level, this is the lowest price on April 24, if the price fall breaks through the support of 3125 USDT and touches this level, it may attract buyers)
go long stop loss point: 3080 USDT (slightly below the buy point two, giving the market Fluctuation short while limiting potential losses)
Sell Point 1: 3198.66 USDT (according to the 4-hour chart, this price is the recent rebound high, if the price recovers to this point, consider taking profits)
Sell point 2: 3218.03 USDT (on the daily level, this price is the opening price of the previous trading day, if the price can break through the sell point 1 and continue to pump up, this position may form a new resistance)
shorting stop loss point: 3235 USDT (slightly higher than sell point 2 as a stop loss point for shorting strategy to control risk)
Analysis
ETH‘s 4-hour price trend: falling
The analysis is based on the derivation of the data model and does not constitute investment advice and is for reference only.
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