1. K-line Pattern:

- Recent prices have been oscillating around 3300, after a quick surge from a low of 3093 to 3383 earlier, followed by a pullback. Currently, it is in a high-level consolidation phase.

- On the daily chart, a long upper shadow K-line (January 15) has formed, indicating heavy selling pressure above; multiple tests around 3315 in the 4-hour cycle have failed to break through effectively.

2. Technical Indicators:

- MACD: The 4-hour cycle DIF and DEA are gradually converging, with the red bars shortening, indicating weakening momentum and a need for adjustment.

- RSI: Currently, RSI14 is at 58.32, breaking out of the overbought zone, but still in a neutral to slightly strong area, and the trend has not fully weakened.

- EMA: The current price is close to EMA7 (3315.96). EMA30 (3243.31) and EMA120 (3136.08) are in a bullish arrangement. The overall trend remains upward, but there is a short-term risk of a pullback.

3. Volume:

- Volume increased during the rise from January 13 to January 15, then gradually decreased, indicating a lack of strong buying enthusiasm.

- The current volume match is poor, with obvious signs of stagnation at high levels. $ETH ‌$BTC ‌#GateTradFi使用体验