Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Ethereum Technical Analysis 12.18 09:13
From the 4-hour view, the Bollinger Bands upper band is rising, the middle band and lower band are falling, with corresponding prices: 3142-2962-2782. Currently, the MA5, M10, and M30 in the short to medium-term moving averages are declining. Trading volume is decreasing. The MACD indicator is currently below the zero line with both lines trending downward, indicating strengthening bearish momentum. The RSI indicator on the 4-hour chart is in the oversold zone with a converging and flattening crossover.
From the hourly view, the Bollinger Bands upper, middle, and lower bands are all trending downward, with corresponding prices: 2992-2882-2772. Currently, the MA5 in the short to medium-term moving averages is flat, M10 and M30 are declining. Trading volume is decreasing. The MACD indicator is below the zero line with both lines trending upward, indicating decreasing bearish momentum. The RSI indicator on the hourly chart is in the oversold zone with both lines trending upward.
Conclusion: Short-term range consolidation. Range: 2792-2838.
Bullish strategy: Buy on dips that do not break below 2772, establish long positions; if it breaks below, establish at 2738; stop loss at 2620.
First take profit: 2864
Second take profit: 2940
Bearish strategy: If it does not break above and stabilizes above 2963, establish short positions; add at 3007; stop loss at 3057.
First take profit: 2908
Second take profit: 2958