【Price Trend Analysis】



1. Candlestick Patterns:

- The price has been fluctuating in the range of 3600 to 3700 recently, forming a consolidation pattern.

- On December 2nd, a candlestick with a long upper shadow appeared, indicating strong resistance above.

2. Technical Indicators:

- MACD: The current DIF and DEA are both negative values, and the MACD histogram shows green bars, indicating that the market is in a short-term bearish trend, but with signs of convergence.

- RSI: The RSI value hovers around 50, without entering overbought or oversold areas, indicating that the market does not have a clear direction at the moment.

- EMA: EMA7 (3651.11) is slightly higher than the latest price of 3644.76, EMA30 (3624.78) is lower than the latest price, EMA120 (3370.69) is much lower than the latest price, short-term moving averages are suppressing, and medium to long-term support remains valid.

3. Trading Volume:

- Recently, the Trading Volume has increased, especially during the significant fluctuations on December 2, indicating intense competition between bulls and bears.

- The current Trading Volume is relatively stable, without significant increase or decrease in volume characteristics.

ETH today's price trend: sideways
Based on data model deduction, the analysis does not constitute investment advice, and is for reference only.
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