Ethereum
Technical Analysis 12.16 14:20
From the 4-hour view, the Bollinger Bands upper band is rising, the middle band and lower band are falling, with corresponding prices at 3204-3067-2931. Currently, the MA5, M10, and M30 in the short to medium-term moving averages are trending downward. Trading volume is decreasing. The MACD indicator is currently below the zero line with both lines trending downward, indicating increasing bearish momentum. The RSI indicator on the 4-hour chart is in the oversold zone, with the fast line moving upward and the slow line downward.
From the hourly view, the