ETH

From this morning until now, there has been a smooth one-sided downward trend. At 14:17, there was a surge in selling without breaking the support level at 2940, followed by a small rebound. The likelihood is that there will be a low-level consolidation afterwards.
Technical Analysis
Bollinger Bands 1 Hour Analysis
The Bollinger Bands are widening downwards, with the candlestick positioned between the middle band and the lower band, and close to the lower band, indicating a high probability of continued price decline.
MA1 Hour Analysis
MA5 and MA10 have fallen below MA60, MA30 is about to fall below MA60, and the gap is widening, indicating that there may be a significant decline in the future.
MACD 1 Hour Analysis
Both the fast and slow lines are below the 0 axis, both are moving downward, and the volume is gradually increasing.
RSI 1-Hour Analysis
Both lines are in the oversold phase, and if the two lines form a golden cross later, there will be a rebound.
comprehensive analysis
After a prolonged period of high-level horizontal consolidation, the breakout at 3060 failed, leading to a downward rebound. Overall, the upward momentum is relatively weak, and the analysis of MACD and RSI indicators suggests that there will be another wave of downward trend in the future.
Pressure: 3000
Support: 2940
Strategy: Go short, establish a head position short order near 2970, continue to rise to 3000 can add positions at 1:1/2/3, stop loss at 3030, take profit at 2900.