📣Ethereum's holiday trend is a headache. What will the trend be like after the holiday? ✅
After Ethereum stood on the middle track at 0:00 on October 5, the overall trend of the past two days has been a volatile market, and the current Bollinger Bands have formed a smooth operation. After this trend appears, there will be large fluctuations in the later period!
From the four-hour Bollinger Band trend chart of Ethereum:
[Price trend analysis]
K-line pattern:
The recent price fluctuates in the range of 2400 to 2430, forming a narrow consolidation pattern.
There was a wave of rapid rise from around 2300 to 2428 in the early stage, and it is currently in a high-level consolidation stage.
Technical indicators:
MACD: Both DIF and DEA are currently negative, but the MACD histogram shows signs of shortening, indicating that the downward momentum is weakening and a rebound is possible.
RSI: RSI is close to the 50 level, has not entered the overbought or oversold area, and market sentiment is neutral.
EMA: 7-period EMA (2416.91) is lower than 30-period EMA (2436.78), but the price is running above the 7-period EMA, and the short-term trend is bullish. 120-period EMA (2498.97) is much higher than the current price, and the long-term trend is still under pressure.
Trading volume:
Recently, the trading volume has decreased, especially when the price is close to 2425, indicating that the market is more cautious.
On the big positive line on October 4, the trading volume was significantly enlarged, indicating that there is strong support at this position.
10/6 evening Ethereum stable short-term profit layout:
It is recommended to enter the short position near Ethereum 2430-2450, and the short-term target is 2400. If it falls below, look at 2380-2330!
If it rebounds, it is recommended to cover the short position near 2480, and the target remains unchanged!
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