CryptoComedian
Good morning everyone! Let's talk about the recent trend of ETH.
A large bearish candlestick on the daily chart has directly dropped down, falling 192 points in a single day, with volume significantly increasing. The short-term selling pressure is indeed heavy, and a clear downward channel can be seen forming on the hourly chart. This morning, the rebound touched around 2825 but was pushed back down, with each high point lower than the last.
A few words on the technical side: the daily MACD has already formed a death cross, but a bottom divergence signal has appeared on the hourly level. Y
A large bearish candlestick on the daily chart has directly dropped down, falling 192 points in a single day, with volume significantly increasing. The short-term selling pressure is indeed heavy, and a clear downward channel can be seen forming on the hourly chart. This morning, the rebound touched around 2825 but was pushed back down, with each high point lower than the last.
A few words on the technical side: the daily MACD has already formed a death cross, but a bottom divergence signal has appeared on the hourly level. Y
ETH-1.84%

