ETH Evening Trend Analysis

Conclusion: The probability of interest rate cuts has decreased, continuing the downward trend formation, maintaining a bearish outlook. Bullish whales may push prices higher for selling in the evening. Friends who are short can wait to enter after the price rises.
K-line pattern: A long lower shadow appears at the 1-hour level (low point of 3836.82), indicating strong support in the 3800-3850 range. The daily line has three consecutive expanding bearish candlesticks, forming a descending three-method pattern. The key integer level of 4000 has turned from support to resistance, with 3900 becoming the focal point of contention between bulls and bears.
Technical Indicators: MACD: The 1-hour level DIF and DEA have formed a dead cross below the zero axis, and the daily level histogram continues to decrease in volume. RSI: The 1-hour level is weakly hovering around 40, while the daily level is at 44.2, in a neutral to bearish area. EMA: Prices continue to be pressured by EMA7 (3903) and EMA30 (3946), forming a bearish arrangement.
Trading Volume: A sharp drop in the 1-hour level saw a trading volume of 1.13 million (02:00), far exceeding the average level. The daily level volume broke below the 4000 mark, with volume concentrated in the 3836-3900 range. The current trading volume has shrunk to 76,000, indicating a strong wait-and-see sentiment. #eth