- Recent prices have been fluctuating in the 3100-3140 range, showing a slight upward trend, but there is significant resistance above. - After a sharp decline earlier, a rebound has occurred, with the current highs gradually rising and lows stabilizing.
2. Technical Indicators: MACD: DIF and DEA values are gradually converging, and the MACD histogram has shifted from negative to positive, indicating short-term bullish momentum is strengthening, but it remains to be seen whether volume can continue to break through. - RSI: The current RSI is 53.15, in a neutral to slightly bullish zone, not entering overbought territory, indicating market sentiment is relatively stable. - EMA: EMA7 (3114.17) has crossed above EMA30 (3117.42) and is approaching EMA120 (3080.92), with short-term moving averages providing clear support, but the long-term trend needs further confirmation.
3. Volume: Trading volume significantly increased on January 11, followed by a reduction, indicating weakening momentum of the previous rebound. - Current trading volume remains at a low level; without new inflows of capital, upward potential may be limited. $ETH $BTC
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Price Trend Analysis
1. Candlestick Patterns:
- Recent prices have been fluctuating in the 3100-3140 range, showing a slight upward trend, but there is significant resistance above.
- After a sharp decline earlier, a rebound has occurred, with the current highs gradually rising and lows stabilizing.
2. Technical Indicators:
MACD: DIF and DEA values are gradually converging, and the MACD histogram has shifted from negative to positive, indicating short-term bullish momentum is strengthening, but it remains to be seen whether volume can continue to break through.
- RSI: The current RSI is 53.15, in a neutral to slightly bullish zone, not entering overbought territory, indicating market sentiment is relatively stable.
- EMA: EMA7 (3114.17) has crossed above EMA30 (3117.42) and is approaching EMA120 (3080.92), with short-term moving averages providing clear support, but the long-term trend needs further confirmation.
3. Volume: Trading volume significantly increased on January 11, followed by a reduction, indicating weakening momentum of the previous rebound.
- Current trading volume remains at a low level; without new inflows of capital, upward potential may be limited. $ETH $BTC