ETH Trend Analysis

Conclusion: With interest rate cut expectations approaching, the short to medium term is bullish, while the long term is bearish. The price rose to 4250 but encountered resistance, as 4250 is a key resistance level at the 60-day moving average on the daily chart. This level will be tested again in the future.
K-line patterns: Recently, there has been a continuous series of bearish candles in the 1-hour timeframe, retreating from a high of 4247 to a low of 4154, forming a short-term descending channel. At 18:00, a bullish candle with a lower shadow was formed, indicating buying support around 4150. On the daily chart, a "Morning Star" pattern is forming: on October 26, a large bullish candle broke the previous high, and on the 27th, there was a low-volume pullback to EMA30 (4114) before stabilizing, indicating that the medium-term upward trend has not been broken.
Technical Indicators: MACD: The 1-hour level DIF has crossed below DEA to form a death cross, but the histogram has narrowed to -12.99, indicating weakening bearish momentum. The daily MACD has continued to expand after a golden cross, signaling a bullish outlook in the medium term. RSI: The 1-hour RSI has retraced from the overbought zone of 85 to 61, correcting the overheating indicator. The daily RSI is stable above the 50 midline, indicating bullish dominance. EMA: The price has fallen below EMA7 (4182) at the 1-hour level but has held above EMA30 (4114). The daily EMA7 (4027) has crossed above EMA30 (4094), forming a golden cross.
Trading Volume: The key breakout period (October 26, 06:00) saw a surge with a volume of 52,356, validating bullish momentum. The current pullback period has reduced volume to around 8,000, which is a healthy adjustment. On the daily chart, the volume structure over the past three days shows "expansion-contraction-moderate expansion". On October 26, the trading volume of 340,000 broke the previous high, followed by a volume of 230,000 on the 27th, indicating a good price-volume relationship. #你看好ERC-8004机器经济吗？