Interpreting ETH Price Trend Using 1-Hour K-Line
【Price Trend Analysis】
1. K-Line Pattern:
Continuous bearish candles on the hourly chart, with the price rapidly falling from the high of 3447 to the low of 3167, forming a short-term downward channel
On the daily chart, after a long bullish candle on December 9th, there have been three consecutive days of retracement, forming an Evening Star pattern
2. Technical Indicators:
MACD: On the hourly chart, DIF and DEA have a death cross below the zero line, with divergence expanding; on the daily chart, the red MACD histogram continues to shrink
RSI:
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