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It is currently 3:30 AM Beijing time, and Er Gouzi's current price is 2910 yuan. The gap to the 3000 yuan integer threshold is just one step away, but the main funds have yet to launch an effective offensive. The market is temporarily in a wait-and-see mode. The current trading pattern lacks clear signals, and this stalemate suggests that there is a high probability of another upward wave. Do not be impatient; patiently wait for the opportunity to go south after a pullback.
From the daily K-line perspective, the price has touched a high of 2997 yuan and dipped to a low of 2898 yuan. Technical indicators show that the EMA moving average system remains in a bearish arrangement, with EMA15 already rising to around 3026 yuan, facing significant resistance. The MACD indicator is in a shrinking downward phase, with DIF and DEA lines continuously diverging downward below the zero axis, indicating that bearish momentum still dominates. The lower band of the Bollinger Bands has moved down to around 2778 yuan and continues to decline, with both upper resistance and lower support moving downward simultaneously, presenting a generally weak pattern. If the current pullback occurs without volume support, it indicates that the main force has not given up on heading south, and there is no need to consider a reversal to the north for now.
The four-hour K-line shows that after failing to break through the EMA60 line, the price has fallen back to hover around the EMA30 (about 2940 yuan) for consolidation. Short-term resistance focuses on the 3000 yuan threshold. The MACD shows signs of continuous volume expansion, with DIF and DEA near the zero axis showing upward divergence momentum, indicating a short-term bullish increase. However, it should be noted that this is merely a rebound correction during a downtrend, and the overall trend remains weak. Even if the price does not effectively break below key levels during the day, it can be considered to take advantage of a strong breakout above the upper Bollinger Band (around 3000 yuan) to go south and seek short-term pullback profits. #ETH $ETH