Currently, Ethereum's trend shows that the overall movement over the weekend has been relatively sideways. It is expected that a significant movement will occur on Monday. The daily chart indicates that yesterday a bullish belt hold was formed, breaking through the previous days' sideways range, suggesting that long positions are gradually gaining strength. On the hourly chart, there is a consolidation at a high level, and a direction may emerge in the short term. The MACD indicator's fast and slow lines are both above the zero axis, and the histogram remains positive, but momentum has weakened, so beware of divergence risks. The RSI has not entered the overbought zone and still has some upward space; however, if it continues to rise, pay attention to pullback pressure. The short-term moving averages are diverging upwards, indicating a bullish trend. In terms of operations, be cautious of resistance above 4250 and support at the bottom around 4220.

ETH1.82%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
子书谈币vip
· 09-07 16:54
Just a personal suggestion, feel free to refer to it.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)