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4.24 Thursday ETH Analysis
Looking at the market conditions, the 4-hour MACD histogram is decreasing in volume, with the fast and slow lines converging. The 4-hour RSI value is 65 (neutral to strong), but the daily RSI has reached the overbought area at 70, signaling a divergence between volume and price, which requires caution for the risk of a pullback. The daily trading volume is shrinking while the price is rising, indicating insufficient bullish momentum.
Suggested operation
Dandan: Price stabilizes at 1770, target 1820
Kongdan: Price breaks below 1710, target 1950
#ETH#