Ether is currently on the daily chart with the price falling to the middle band of the Bollinger Bands. The MACD currently shows that the dual lines are at a high position above the water with a death cross. This basically confirms a divergence trend here, unless it can stand back above 4450 this week, the death cross and divergence risk will have a chance to be lifted.


According to this trend, as long as ETH does not turn from bearish to bullish on the weekly chart, this wave of decline is likely just the beginning...
Such a large structural top divergence will, in most cases, lead to a deep pullback or even a technical bear market. However, according to the market's consistently torturous pattern, the second week after the death cross may instead continue to rebound.
Ether: 4170 short, looking down at 4070, defending 40 points #BTC #ETH
ETH-8.44%
BTC-4.63%
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
  • 2
  • Repost
  • Share
Comment
0/400
QueenOfHearts7vip
· 08-20 09:45
Golden Finance reported that Tether CEO Paolo Ardoino cited data on the X platform indicating that the market capitalization of XAUt exceeds 1.2 billion dollars, with the number of users rising by more than 50% each quarter. Tether's gold stablecoin XAUt is backed by 1 troy ounce of physical gold per token, stored in Swiss vaults.
View OriginalReply0
QueenOfHeartsvip
· 08-20 09:41
Golden Finance reported that Tether CEO Paolo Ardoino cited data on the X platform indicating that the market capitalization of XAUt exceeds 1.2 billion dollars, with the number of users rising by more than 50% each quarter. Tether's gold stablecoin XAUt is backed by 1 troy ounce of physical gold per token, stored in Swiss vaults.
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)