ETH is currently around 3870, with the short-term moving averages MA5 crossing below MA10 and MA20, and the MACD in a bearish crossover state, indicating that downward pressure still exists. However, the J value in the KDJ indicator has entered a severely oversold range, combined with shrinking trading volume, suggesting a weakening of short-term downward momentum and a possibility of a technical rebound. It is currently operating between the middle and lower bands of the Bollinger Bands, with major resistance at 3901 and support at 3823. Overall, the pattern is weakly oscillating, focusing on the strength of the rebound near the support level. Ultra-short-term bulls: around 109400-108800. Target: around 110800-112000. Ultra-short-term bulls: around 3850-3815. Target: around 3910-3955.
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Happy weekend, brothers!
ETH is currently around 3870, with the short-term moving averages MA5 crossing below MA10 and MA20, and the MACD in a bearish crossover state, indicating that downward pressure still exists. However, the J value in the KDJ indicator has entered a severely oversold range, combined with shrinking trading volume, suggesting a weakening of short-term downward momentum and a possibility of a technical rebound. It is currently operating between the middle and lower bands of the Bollinger Bands, with major resistance at 3901 and support at 3823. Overall, the pattern is weakly oscillating, focusing on the strength of the rebound near the support level. Ultra-short-term bulls: around 109400-108800. Target: around 110800-112000. Ultra-short-term bulls: around 3850-3815. Target: around 3910-3955.