ETH Afternoon Analysis:


Strong Resistance Level: 2381
Minor Resistance Level: 2357
Support Level: 2326
Strong Support Level: 2318
Four-hour price breaks through the middle band of the Bollinger Bands at the corresponding price of 2366, 2319, 2273. Bollinger Bands are narrowing. One-hour price is below the middle band; Bollinger Bands are narrowing at the corresponding prices of 2375, 2343, 2311.
MA Moving Averages: One-hour price is below MA5; MA5 is continuously downward. MA10 is turning upward. Four-hour price is below MA5; MA5 and MA10 moving averages are upward; middle band is upward.
MACD: Four-hour line is above the zero axis, nearly parallel, bullish momentum decreasing. One-hour line is above the zero axis, forming a death cross, bearish momentum increasing.
RSI: One-hour is in oversold stage at 4~6; price decline may see a slight rebound. Four-hour is in normal trading stage at 48~74.
Summary: Range-bound market
ETH0.11%
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