Ethereum Technical Analysis

1. Candlestick Patterns:

- The daily chart shows recent prices continuously rising, forming multiple bullish candles, indicating a strong upward trend.
- In the 4-hour cycle, candles around 3288 show some high-level consolidation, which may face short-term pullback pressure.

2. Technical Indicators:

- MACD: Both daily and 4-hour charts are above the zero line, indicating strong bullish momentum, but the 4-hour histogram shows signs of shortening, caution is needed for short-term correction risk.
- RSI: The 4-hour RSI is at 72.07, entering the overbought zone, suggesting a need for a pullback; however, if it remains high, it indicates the continuation of a strong trend.
- EMA: The current price is above EMA7 (3242.18) and EMA30 (3157.87), with EMA7 > EMA30 > EMA120, indicating an overall upward trend. Pay attention to EMA7 support.

3. Volume:

- Daily trading volume is gradually increasing, indicating active market sentiment and bullish dominance.
- 4-hour volume has decreased, showing reduced willingness to chase the rally at high levels, possibly leading to a short-term consolidation. #比特币六连涨