Ethereum


Technical Analysis 12.16 14:20
From the 4-hour view, the Bollinger Bands upper band is rising, the middle band and lower band are falling, with corresponding prices at 3204-3067-2931. Currently, the MA5, M10, and M30 in the short to medium-term moving averages are trending downward. Trading volume is decreasing. The MACD indicator is currently below the zero line with both lines trending downward, indicating increasing bearish momentum. The RSI indicator on the 4-hour chart is in the oversold zone, with the fast line moving upward and the slow line downward.

From the hourly view, the Bollinger Bands upper band and middle band are trending downward, the lower band is trending upward, with corresponding prices at 3132-2981-2829. Currently, the MA5 and M10 in the short to medium-term moving averages are crossing and flattening, M30 is trending downward. Trading volume is decreasing. The MACD indicator is currently below the zero line with the fast line moving upward and the slow line flat, indicating decreasing bearish momentum. The RSI indicator on the hourly chart is in the normal zone with both lines trending upward.

Conclusion: Short-term range-bound consolidation
Consolidation range: 2870-2976
Bullish strategy: Buy on dips that do not break below 2870, establish long positions; if it breaks below, establish at 2830, with a stop loss at 2739
First take profit: 2978
Second take profit: 3030
Bearish strategy: Short if it rises above and stabilizes at 3068, establish short positions; add at 3104, with a stop loss at 3198
First take profit: 3033
Second take profit: 2957
ETH-4.2%
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