Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Price Trend Analysis
1. Candlestick Patterns:
- Recent candlesticks show a oscillating downward trend, with the price gradually falling from a high of 91224.99 to 89176.8.
- On the daily chart, there are consecutive small bearish candles, indicating that the bearish momentum is dominant, but the decline has slowed.
2. Technical Indicators:
- MACD: In the 4-hour cycle, both DIF and DEA are below the zero line, with DIF showing a slight upward turn, indicating weakening bearish momentum and the possibility of a short-term rebound.
- RSI: The current value is 39.8, approaching the oversold zone, suggesting a certain technical rebound demand.
- EMA: The price remains below EMA7, EMA30, and EMA120, indicating an overall bearish trend; however, it is currently near EMA7 (89370.7). A break above this level could further test the EMA30 resistance at 90185.8.
3. Volume:
- Trading volume has significantly decreased, dropping from thousands in previous days to 429, reflecting a market with strong wait-and-see sentiment.
- An increase in volume occurred around 01月23日2000, after which volume gradually declined, indicating a temporary stalemate between bulls and bears. $ETH $BTC