From a technical standpoint, Ethereum’s previous strong upward structure has been notably disrupted amid this pullback. The 1-hour K-line chart shows that after failing to break through the 4,788 high, ETH closed multiple consecutive long-bodied bearish candles. Its price has sequentially breached the MA5, MA20, and MA60 moving averages, marking a reversal in the short-term trend.
After the MACD indicator formed a "death cross" at a high level, the fast line has crossed below the zero line and entered the bearish zone. The green bearish momentum bars continue to expand, indicating that the short-term adjustment is not yet complete.
Today, Ethereum’s price is struggling to hold above the medium-term moving average. A break below this level could trigger a deeper decline.
After the MACD indicator formed a "death cross" at a high level, the fast line has crossed below the zero line and entered the bearish zone. The green bearish momentum bars continue to expand, indicating that the short-term adjustment is not yet complete.
Today, Ethereum’s price is struggling to hold above the medium-term moving average. A break below this level could trigger a deeper decline.
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Welcome to join my free channel for market updates: t.me/+EZspzjD8FT40YTY8
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Let profitable trading become easier: t.me/+EZspzjD8FT40YTY8
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Let profitable trading become easier: t.me/+EZspzjD8FT40YTY8
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.