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BitETH market trend analysis: The recent market has been fluctuating between 85300 and 89200 on 2/26. In the short term, the market has shown signs of a Rebound after a rapid decline. Currently, the short-term moving average (MA(7)) has crossed above the long-term moving average (MA(30)), forming a golden cross, which is usually a short-term bullish signal. At the same time, the Candlestick trend has touched the key support level near 85300, reflecting a significant recovery in market confidence. However, due to the long-term moving average still showing a downward trend, this Rebound may only
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