Ether market analysis

2024-01-05 09:31:22

Ethereum’s daily trend looks a little weak and a bit weak at the moment. Judging by the recent restrictions on lamb, the amount of lamb is relatively small. The price fell this morning, and the Fluctuation just now pulled the position to the nearby 2,200 level. At this position, we decided to Close Position completely. We have already stressed that we need to pay attention to whether we can gain a foothold at the 2,200 level.

Judging from the direction of the MACD, the market has been relatively weak in recent times, and the volume of short positions may increase, which also means that this phase of the market may be over. It should be noted that this may be a period of weakness and is unlikely to reach the levels of the previous highs like Bitcoin.

Once Bitcoin’s market stabilization ends, for other AltCoins, especially Ethereum, there may be a third wave of market after the golden cross. The future trend should pay special attention to the moving average level, which of Ethereum currently looks to be at a relatively sideways level

ETH-5.14%

BTC-2.72%

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