Ethereum 【Price Trend Analysis】

1. K-line pattern:

- The price has fluctuated in the range of 3400 to 3500 recently, forming a more obvious oscillating consolidation area.
- There was a rapid rise since July 15th (from 3243.52 to 3481.62), followed by a consolidation at a high level.

2. Technical indicators:

- MACD: The 4-hour period MACD fast and slow lines are running above the zero axis, but there are signs of a rebound, indicating a weakening of short-term bullish momentum. The daily MACD is still in the positive zone, and the bullish trend remains unchanged.

- RSI: The 4-hour RSI is close to 60, not yet in overbought territory, but at a relatively high level; the daily RSI fluctuates between 50-70, indicating a predominantly bullish market sentiment but not extreme.

- EMA: The current price is above EMA7 and EMA30, indicating a positive short-term trend; EMA120 is much lower than the current price, suggesting a bullish long-term trend.

3. Trading Volume：

- During July 16th to 18th, the Trading Volume significantly increased, especially on July 16th with a large bullish candle accompanied by a large amount of transactions, showing strong buying pressure.
- In recent trading days, the Trading Volume has decreased, indicating that the market may enter a wait-and-see state, waiting for new directional guidance.