Midday Market Outlook: The four-hour candlestick chart failed to break through $3,070 and has started to pull back. The EMA trend indicator continues to show alternating downward diffusion, indicating a bearish trend. MACD shows a bullish divergence at the bottom, while the KDJ is contracting and approaching a dead cross. If the market continues to decline, the downward trend may persist.
- Technical Pattern: ETH on the four-hour timeframe is showing a narrow-range consolidation, with Bollinger Bands narrowing and the price fluctuating around the $3,000 level. The EMA trend indicator remains downward, indicating ongoing bearish momentum. Resistance at $3,000; stop-loss at $3,050; target at $2,800#ETH
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Midday Market Outlook: The four-hour candlestick chart failed to break through $3,070 and has started to pull back. The EMA trend indicator continues to show alternating downward diffusion, indicating a bearish trend. MACD shows a bullish divergence at the bottom, while the KDJ is contracting and approaching a dead cross. If the market continues to decline, the downward trend may persist.
- Technical Pattern: ETH on the four-hour timeframe is showing a narrow-range consolidation, with Bollinger Bands narrowing and the price fluctuating around the $3,000 level. The EMA trend indicator remains downward, indicating ongoing bearish momentum.
Resistance at $3,000; stop-loss at $3,050; target at $2,800#ETH