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Details: ht
[Price Trend Analysis]
1. K-line pattern:
- In the recent 4-hour cycle, the price has gradually retreated after oscillating at a high level, forming a small bearish candlestick. There is significant selling pressure around the previous peak of 2530.
- The daily chart shows that the recent price has rebounded from the sharp drop on June 17th, but the rebound strength has weakened, with two consecutive days of small bearish candles.
2. Technical Indicators:
- MACD: The 4-hour MACD histogram has turned from negative to positive, but the momentum is weak. The DIF and DEA are still below the zero axis, indicating that the current rebound may be a technical correction rather than a trend reversal.
- RSI: The 4-hour RSI value is 45.54, indicating that it has not entered the overbought or oversold territory, showing a neutral market sentiment; the daily RSI continues to hover between 40 and 50, reflecting a balance of bullish and bearish forces.
- EMA: The 4-hour EMA7 (2513.61) has been touched and is slightly under pressure, while EMA30 (2537.25) and EMA120 (2558.33) show a downward divergence, indicating that the short-term trend remains bearish.
3. Trading Volume:
- The 4-hour trading volume is 204,773, significantly reduced compared to previous candlesticks, indicating a decline in market activity and a strong wait-and-see sentiment among investors.
- The daily trading volume is 591,363, significantly reduced compared to previous days, indicating weak rebound and insufficient confidence among bulls.
[Buy/Sell Point]
- Buy Point 1: 2475 USDT (Reason: Near the previous low point, the lowest price on June 18 was 2483, forming a support area, while also close to the round number below 2500, which may attract bulls to intervene.)
- Buy point two: 2440 USDT (Reason: Further pullback to a stronger support level, close to the low of 2433 on June 13, and aligns with the round number 2450, there is a high probability of a rebound.)
- Long stop-loss point: 2420 USDT (Reason: If it falls below 2440 and continues to weaken, it will break the important support range, indicating that bears are in control, and it is not advisable to continue holding long positions.)
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- Sell Point One: 2535 USDT (Reason: Near the pressure level of the 4-hour EMA30 moving average, and close to the recent high of 2537, there is a risk of selling pressure.)
- Sell point two: 2560 USDT (Reason: Further upward movement will test the EMA120 moving average and the June 19 high point of the 2546-2560 range, which is expected to have significant resistance.)
- Short stop-loss point: 2575 USDT (Reason: If it breaks through 2560 and holds, the trend may shift to bullish, and timely stop-loss is required to exit.)
ETH 4-hour price trend: sideways
Analysis based on data model inference does not constitute investment advice and is for reference only.