$ETH This price action is pretty interesting. On the daily chart, EMA7 and EMA25 have formed a death cross, but EMA99 is holding the price up. The long/short ratio suddenly surged to 1.66, and bears are clearly backing off. However, RSI is still fluctuating around 49, while the MACD histogram continues to expand, so the short-term direction is really hard to call.
The price is currently stuck below EMA7. If it holds above the 2705 level, it may continue upward to test the upper Bollinger Band at 2723; if it falls below 2693, we’ll need to reassess. The long/short ratio has suddenly surged, but the technical indicators haven’t caught up yet—this kind of conflicting signal is the most frustrating.
For market observation and conditional analysis only; this is not a record of trading activity.
$ETH #熊市 #永续合约 #Market sentiment
The price is currently stuck below EMA7. If it holds above the 2705 level, it may continue upward to test the upper Bollinger Band at 2723; if it falls below 2693, we’ll need to reassess. The long/short ratio has suddenly surged, but the technical indicators haven’t caught up yet—this kind of conflicting signal is the most frustrating.
For market observation and conditional analysis only; this is not a record of trading activity.
$ETH #熊市 #永续合约 #Market sentiment
