7.15eth idea



The daily chart shows that on July 14, a long upper shadow bearish candle was formed (with a high of 3083), indicating strong selling pressure above. Recently, the hourly chart has shown a downward oscillating trend, with the latest candlestick forming a small bearish candle, and the price has fallen below the 2965 round number.

MACD: On the hourly chart, the DIF and DEA are below the zero line forming a death cross and moving downwards, with green bars increasing, indicating strengthened bearish momentum.

RSI: The hourly RSI is 36.32, close to the oversold area, but has not yet entered the extreme zone, indicating that there is still downward momentum in the short term.

EMA: The current price is below EMA7 (2990.36) and EMA30 (3004.23), and the moving averages are in a bearish arrangement, with EMA120 support around 2925.

Trading Volume:
The trading volume on the hourly chart is gradually shrinking, reflecting a cautious market sentiment.
The daily trading volume has decreased compared to the previous few days, indicating that the strength of both bulls and bears has temporarily weakened.

Operation idea: Enter around 2920 during the day! Target: Around 3050! #ETH突破3000
ETH-1,98%
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