DaoResearcher
The short-term trend of ETH indeed shows some signs of weakness. The price has already fallen below the 30-day moving average at 3211, dropping to below the middle Bollinger Band at 3185, clearly indicating that the bears are gaining momentum.
Although the MACD has shown a golden cross, its position is relatively low, just below the zero line, with insufficient rebound strength. The trading volume has shrunk to 42.8k, far below the 5-day average volume of 98.9k, indicating that market participants are mostly on the sidelines, with few willing to enter aggressively, resulting in a rather quiet
Although the MACD has shown a golden cross, its position is relatively low, just below the zero line, with insufficient rebound strength. The trading volume has shrunk to 42.8k, far below the 5-day average volume of 98.9k, indicating that market participants are mostly on the sidelines, with few willing to enter aggressively, resulting in a rather quiet
ETH-2,21%