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What is the trend of ETH in the next few hours, will it go up or down?
The signals from technical analysis are contradictory; let's clarify the situation: current price: $2,333, 24-hour decline of about -1.67%.
Bullish and bearish signals are conflicting, and the short-term direction is unclear.
Reasons to look bullish:
• The 4-hour timeframe still shows a bullish arrangement, with MA7 > MA30 > MA120, indicating a complete medium-term upward trend structure.
• The 4-hour ADX is about 31, indicating a strong trend that has not yet broken down.
• RSI across different periods is between 56-61, with no oversold conditions or signs of a dead end, suggesting no clear reason to be bearish or cautious.
Reasons to be cautious or bearish:
• The SAR on the 15-minute and daily charts both point to a bearish trend, indicating short-term resistance.
• The 4-hour MACD shows a bearish divergence—price makes new highs while momentum diminishes, which historically signals a potential pullback.
• The daily and 15-minute CCI are both in overbought zones (above 120), showing signs of a top.
• Today’s volume dropped sharply, with trading volume significantly higher than the average of the past 7 days, indicating selling pressure with institutional participation, not just small fluctuations.