ETH Market Analysis January 24, 2025, 10:00
As of 10 PM, the candlestick chart shows a pin bar oscillation with little fluctuation.
The price is around 2950, with the Bollinger Bands narrowing, and the three lines near 2970, 3030, and 2900.
In the short term, the MA5 and MA10 moving averages have crossed, forming two silver ingot shapes, then moving parallel.
MACD indicator: The MACD double lines are below the zero line, crossing and moving upward after parallelism, indicating bullish momentum is building.
RSI indicator: RSI14 is around 37, approaching the oversold stage.
Resistance levels: 30
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