【Price Trend Analysis】



1. Candlestick patterns:
- The 4-hour chart shows that the candlestick at 04:00 on June 15 has a long upper shadow, a small body, and a bearish (downward) close. Trading volume has significantly contracted, forming a bearish engulfing or shooting star pattern, indicating weakening upward momentum and the emergence of sell pressure above.
- The daily chart shows that the candlestick on June 14 closed as a high-volume large bullish candle. However, the candlestick on June 15 (the current day) also closed with a long upper shadow, indicating clear resistance in the 1730–1735 area.

2. Technical indicators:
- MACD: On the 4-hour chart, both the MACD DIF and DEA are above the zero line. DIF crosses above DEA to form a golden cross and continues to diverge upward. The MACD histogram bars are positive and growing, indicating a strong short-term bullish trend.
- RSI: On the 4-hour chart, the RSI14 value is 64.49, nearing the overbought zone. Combined with the candlestick pattern, it suggests that the market may face pullback pressure in the short term.
- EMA: On the 4-hour chart, the price has already risen above EMA7 (1693.83) and EMA30 (1676.36). EMA7 crosses above EMA30 to form a golden cross and continues moving upward, indicating a short-term bullish bias. However, EMA120 (1794.74) is far above the current price, creating an important resistance within the long-term downward trend.

3. Trading volume:
- The 4-hour chart shows that the volume of the long upper shadow candlestick at 04:00 on June 15 has notably decreased, indicating that the current pullback or consolidation is due to weakening bullish strength rather than strong bearish intervention.
- The daily chart shows that the large bullish candle on June 14 had relatively high volume, supporting a daily-level rebound. $ETH $SOL
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Brother-In-Law,Happy!
· 1h ago
. May you trade like planting a tree: patiently watering, waiting quietly for the blossoms, and one day, the shade of green trees will flourish.
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