2026-01-17 03:10:52

$ETH ‌1. Candlestick Patterns:

- Recent prices have been oscillating around 3300, failing to break through the previous high of 3383, showing signs of a pullback from high levels.

- On the daily chart, a series of small bearish candles have formed, indicating heavy selling pressure above, but support still exists below.

2. Technical Indicators:

- MACD: On the 4-hour chart, both DIF and DEA are diverging downward, and the MACD histogram is negative, indicating short-term bearish dominance; on the daily chart, MACD is gradually weakening, and momentum is diminishing.

- RSI: The 4-hour RSI is around 53, near the neutral zone, with no clear overbought or oversold signals; the daily RSI has fallen from above 70 to the 50-60 range, indicating weakening bullish strength.

- EMA: The current price is hovering around EMA7 (3291). A break below might test EMA30 (3260); EMA120 (3153) remains a stronger support that has not yet been touched.

3. Volume:

- 4-hour trading volume has contracted, with market sentiment leaning towards caution.

- Daily volume has generally decreased, aligning with the price pullback, indicating insufficient upward momentum. $BTC ‌

ETH-0.4%

BTC-0.38%

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