Price Trend Analysis

1. Candlestick Patterns: $ETH ‌$BTC ‌#GateCEO2025年终公开信
- Recent candlesticks show a clear bullish trend, with the price gradually rising from around 2970 to the current level of approximately 3130.
- On January 02, a long bullish candle broke through, reaching a high of 3150 before pulling back, forming an upper shadow, indicating some resistance in that area.

2. Technical Indicators:

- MACD: DIF and DEA are both above the zero line, with DIF continuously diverging upward, indicating the market is in a strong upward phase, but caution is advised for potential short-term divergence risks.
- RSI: Currently at 79.4, entering the overbought zone, suggesting a possible short-term pullback, but if it remains high, the trend remains strong.
- EMA: Price is stable above EMA7 (3087.3) and EMA30 (3015.2), and far from EMA120 (2998.0), showing that bulls are in control. EMA7 crossing above EMA30 and EMA120 forms a golden cross, indicating a clear bullish signal.

3. Trading Volume:
On January 02, trading volume significantly increased to 103511, accompanied by a rapid price surge, indicating strong capital inflow.
- Current volume has decreased to only 4760 in the latest cycle, suggesting reduced buying enthusiasm or a need for correction.