According to the MACD indicator, there is currently a slight trend of convergence, with the MACD line crossing into a death cross, presenting a second wave downward pattern.
Looking at the 1-hour Ethereum candlestick chart, Ethereum is near the lower Bollinger Band, showing a unilateral downward trend. The Bollinger Band is opening downwards, corresponding to the range of 4480-4200, with the middle line trending downward, corresponding to the price of 4300.
According to the RSI indicator, we are currently in a normal buying and selling phase. The RSI line has crossed downwards through the golden cross, corresponding to a value of 4930, and is currently oscillating upwards.
Secondly, the MA moving averages, the 5-day moving average and the 10-day moving average have closed downwards and crossed, with death crosses corresponding to prices 4287 and 4318. The moving averages have crossed the medium and long-term moving averages from top to bottom, showing a bearish arrangement. The 30-day moving average is declining, corresponding to a price of 4383, and the 60-day moving average is also declining, corresponding to a price of 4404. The 120-day moving average is declining, corresponding to a price of 4420, while the 360-day moving average is moving horizontally, corresponding to a price of 4454.
Overall trend: fluctuating downwards Support level below: 4200 Strong support level below: 3931 Current trend: After a rebound following a decline, it fell back after encountering a minor resistance level, entering a consolidation phase of sideways movement within the range of 4272--4330. Operation: Short position at 4343--4360 for the head warehouse, add position at 4400, take profit at 4280. Long position at 4160--4200 for low leverage, add position at 4060, take profit at 4300.
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September 2, 2025, 8:46 AM
According to the MACD indicator, there is currently a slight trend of convergence, with the MACD line crossing into a death cross, presenting a second wave downward pattern.
Looking at the 1-hour Ethereum candlestick chart, Ethereum is near the lower Bollinger Band, showing a unilateral downward trend. The Bollinger Band is opening downwards, corresponding to the range of 4480-4200, with the middle line trending downward, corresponding to the price of 4300.
According to the RSI indicator, we are currently in a normal buying and selling phase. The RSI line has crossed downwards through the golden cross, corresponding to a value of 4930, and is currently oscillating upwards.
Secondly, the MA moving averages, the 5-day moving average and the 10-day moving average have closed downwards and crossed, with death crosses corresponding to prices 4287 and 4318. The moving averages have crossed the medium and long-term moving averages from top to bottom, showing a bearish arrangement.
The 30-day moving average is declining, corresponding to a price of 4383, and the 60-day moving average is also declining, corresponding to a price of 4404. The 120-day moving average is declining, corresponding to a price of 4420, while the 360-day moving average is moving horizontally, corresponding to a price of 4454.
Overall trend: fluctuating downwards
Support level below: 4200
Strong support level below: 3931
Current trend: After a rebound following a decline, it fell back after encountering a minor resistance level, entering a consolidation phase of sideways movement within the range of 4272--4330.
Operation: Short position at 4343--4360 for the head warehouse, add position at 4400, take profit at 4280.
Long position at 4160--4200 for low leverage, add position at 4060, take profit at 4300.