$ETH


The current four-hour RSI value has reached 72, and there is a brief buying support gap in the order book. After the one-hour RSI dropped to 62.7, new funds entered the market again to support the chart. The hourly MACD bearish histogram has expanded somewhat, yet the price has firmly held the EMA50 line, and the willingness of support orders below remains very solid.

ETH: Long at current price 1755, stop loss at 1745, target 1780-1785, continue holding if breakout occurs.
ETH-1.53%
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MempoolMaggie
· 07-04 07:51
RSI 72 is indeed a bit hot, but holding the hourly EMA50 shows that the bulls haven't given up yet. I'll wait and see if 1755 can hold steady before following.
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GoldfishUnderTheIce
· 07-04 07:38
The MACD bearish volume bars are expanding but the price isn't dropping—this divergence is kind of interesting. Setting the stop loss at 1745 feels a bit tight; I might relax it to 1738.
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OpcodePoet
· 07-04 07:28
4-hour overbought + hourly divergence, typical long-short tug-of-war point. At such a position, I would rather miss it than take heavy positions to bet on direction. Good luck.
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