ETH has formed multiple reversal signals in the bottom region. The K-line closed early today with a significant combination of a cross star and a bearish candlestick, accompanied by the appearance of a gyro shape, which are warning signals of market uncertainty and potential reversals. Meanwhile, the dead cross of MACD below the 0 axis has strengthened selling pressure, and the short-term trend remains severe.
The current price is below the EMA24 and EMA52 moving averages, and the slope of the moving averages continues to decline, indicating strong downward momentum. However, the trading volume has significantly shrunk, indicating a decrease in market activity, which undoubtedly suggests that selling pressure may gradually subside.
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The data is sourced from the PRO member's [ETH/USDT Binance 4-hour] K-line, for reference only, and does not constitute any investment advice.
