$ETH
12.4 Day ETH
The daily technical indicators show characteristics of "support on the rebound, resistance on the rise": the candlestick pattern shows consecutive bullish days but with long upper shadows, reflecting short-term rebound momentum while exposing selling pressure at high levels;
The Bollinger Bands are tightening, volatility is narrowing, and the MA5 and MA10 moving averages are slightly trending upwards, providing support for the short-term rebound. This rise is a technical recovery driven by the previous double bottom pattern.
However, both the daily and weekly MACD are still dominant, maintaining a long-term bullish direction.
During the day, a correction can occur between 3080 and 3120, with upward targets around 3260 and 3320.
