8.12 Day $ETH Evening Analysis
Overall market action is a low-level rebound after a sharp drop: earlier, prices probed the low around 1820.61, completing a deep pullback; afterward, buy-side support gradually took hold and stabilized. After this round retested the 1852 support and turned back up with a bullish close, the short-term bottom is slowly lifting. However, multiple previous highs above still act as resistance, so the sustainability of the rebound is questionable. This creates a dual-line structure: the DIF line turns upward from a low level and crosses above the DEA, forming a short-term golden cross; but overall, both lines remain below the zero axis. The broader bearish trend for the medium to long term has not changed—this is only a short-term technical rebound;
Momentum bars: the indicator shifts from bearish green bars to faint bullish red bars. The red bar’s body volume is extremely small, meaning the rebound’s momentum is weak and lacks strong volume support for an aggressive upswing. Personal suggestion by Yifan: around 1910–1980, target around 1880–1815 near #BTC #ETH #BTC走势分析
Overall market action is a low-level rebound after a sharp drop: earlier, prices probed the low around 1820.61, completing a deep pullback; afterward, buy-side support gradually took hold and stabilized. After this round retested the 1852 support and turned back up with a bullish close, the short-term bottom is slowly lifting. However, multiple previous highs above still act as resistance, so the sustainability of the rebound is questionable. This creates a dual-line structure: the DIF line turns upward from a low level and crosses above the DEA, forming a short-term golden cross; but overall, both lines remain below the zero axis. The broader bearish trend for the medium to long term has not changed—this is only a short-term technical rebound;
Momentum bars: the indicator shifts from bearish green bars to faint bullish red bars. The red bar’s body volume is extremely small, meaning the rebound’s momentum is weak and lacks strong volume support for an aggressive upswing. Personal suggestion by Yifan: around 1910–1980, target around 1880–1815 near #BTC #ETH #BTC走势分析