Candlestick Patterns: Recently, on the 1-hour chart, a shooting star with a long upper shadow appeared (e.g., the high of 3014.74 at 17:00 on December 29), indicating strong selling pressure above. On the daily chart, three consecutive days of inverted hammer candles with long upper shadows, with 3056.39 acting as a strong resistance level. The current price has broken below the EMA7 (2987.08), forming a short-term downtrend channel. Technical Indicators:
MACD: On the 1-hour chart, DIF crosses below DEA to form a death cross (19:00 data -8.74), and the MACD histogram on the daily chart continues to shrink. RSI: The 1-hour RSI(14) quickly dropped from the overbought zone of 82 to 45, while the daily RSI remains neutral to weak at 46. EMA: The price has fallen below all key EMA lines (7/30/120), forming a bearish alignment. EMA30 (2972.67) has turned into resistance. Volume:
A massive volume accompanied the sharp decline (17:00 hourly volume of 27.67 million). During the rebound, volume significantly decreased (only 3.44 million at 19:00), indicating weak buying pressure. On the daily chart, volume shows a bearish characteristic of "shrinking during upward movement and expanding during downward movement."
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#ETH走势分析 【Price Trend Analysis】
Candlestick Patterns:
Recently, on the 1-hour chart, a shooting star with a long upper shadow appeared (e.g., the high of 3014.74 at 17:00 on December 29), indicating strong selling pressure above.
On the daily chart, three consecutive days of inverted hammer candles with long upper shadows, with 3056.39 acting as a strong resistance level.
The current price has broken below the EMA7 (2987.08), forming a short-term downtrend channel.
Technical Indicators:
MACD: On the 1-hour chart, DIF crosses below DEA to form a death cross (19:00 data -8.74), and the MACD histogram on the daily chart continues to shrink.
RSI: The 1-hour RSI(14) quickly dropped from the overbought zone of 82 to 45, while the daily RSI remains neutral to weak at 46.
EMA: The price has fallen below all key EMA lines (7/30/120), forming a bearish alignment. EMA30 (2972.67) has turned into resistance.
Volume:
A massive volume accompanied the sharp decline (17:00 hourly volume of 27.67 million).
During the rebound, volume significantly decreased (only 3.44 million at 19:00), indicating weak buying pressure.
On the daily chart, volume shows a bearish characteristic of "shrinking during upward movement and expanding during downward movement."