🗒 Gate.io Suggested Topics Posting Event: #Ethereum Pectra Upgrade#
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The Ethereum Pectra upgrade goes live on May 7, bringing improved account features, better validator experience, and L2 support. Will it boost ETH’s price? Share your thoughts, predictions, and trading strategy with #Ethereum Pectra Upgrade# for a chance to win $50!
⏰ Event Time: May 6, 4:00 AM - May 7, 4:00 AM (UTC)
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【Price Trend Analysis】
1. Candlestick形态:
- The recent price has Fluctuation in the range of 2300 to 2400, showing obvious oscillation and consolidation.
- Multiple occurrences of long Upper Shadow and Lower Shadow indicate significant market divergence, with intense competition between bulls and bears.
2. technical indicator:
- MACD: The current DIF and DEA are both positive and gradually increasing, and the MACD histogram is red, indicating that there is some pump momentum in the short term, but be cautious of possible divergence signals.
- RSI: RSI14 is currently around 50, close to the neutral zone, with no Overbought or Oversold situations, indicating that the market has no clear direction for the moment.
- EMA: EMA7 (2339.6) is very close to EMA30 (2338.1), indicating an unclear short-term trend; EMA120 (2452.6) is much higher than the current price, indicating a long-term bearish trend.
3. Trading Volume:
- Recently, several Candlestick Trading Volume have increased, especially during the period from 09/11/2000, showing an increase in fund activity.
- Overall, the Trading Volume has not continued to increase, indicating limited market acceptance of the current price level.