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#加密市场小幅回暖 ETH Analysis
Yesterday's review: The price has been in a consolidation phase over the past few days. After a slight upward push, it did not break the previous high. In the evening, it tested the lows again but did not break the consolidation range, then retraced.
The four-hour Bollinger Bands are narrowing, with the MA5 and MA10 forming a downward crossover, and the price has retraced below MA5. The MACD fast and slow lines are crossing below the zero line but the crossover has not fully opened. The RSI fast and slow lines are declining in the normal zone, with the fast line suddenly turning upward. On the one-hour chart, the bands are opening downward; the price tested the lows but did not break through, consolidating sideways with a slight upward bias. The Bollinger Bands' three lines are downward, and the price is attempting to stabilize above MA10, testing the midline but not breaking it, resulting in a sideways decline.
Conclusion: The short-term market is consolidating at low levels, within a range (2991 2890). Watch whether the market can break out of this large range.
Resistance: 3030 3098
Support: 2890 2833