🗒 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 Pattern:
- The recent price has been fluctuating in the range of 2400-2450, showing an overall oscillating upward trend.
- A long yang line appeared in the early stage (September 13th), followed by several K-lines forming a high-level consolidation pattern.
2. Technical Indicators:
- MACD: Both DIF and DEA are positive and gradually rising, and the MACD histogram shows that the bullish strength is increasing, but there are signs of weakening.
- RSI: RSI14 is approaching the overbought zone, currently at 61.58, there may be short-term pullback pressure.
- EMA: The current price is above EMA7 (2407.45), indicating a positive short-term trend; the distance between EMA30 (2366.98) and EMA120 (2437.43) is narrowing, and the long-term trend still needs to be observed.
3. Trading Volume:
- On September 13th, the Trading Volume significantly increased to 825337, indicating an increase in market activity and intense competition between buyers and sellers.
- The Trading Volume has decreased in the following few cycles, indicating that the market has entered a wait-and-see state.