Saturday Evening ETH Analysis:

Trend: Pullback after topping at high levels, bearish direction dominates, weak minor rebounds
K-line Pattern: Narrow range oscillation, volume contraction consolidation, turning point window, higher probability of downward movement
Moving Averages: Bearish alignment, all resistance above, price is suppressed
Volume: Rebounds lacking volume, drops with increasing volume, bulls lack funding, bears actively selling
Indicators: MACD still bearish, RSI weak, Bollinger Bands extremely compressed about to spike, biased toward downside breakout
ETH overall is still in a downtrend. Current minor gains are only brief rebounds in the middle of the decline, not a true reversal.
The market continues to be suppressed by bears, rebounds lack strength, and there isn't sufficient buying support. Probability of continued downward movement is clearly greater.

ETH🫓: Rebound to 2170-2190 can head south. First target 2100, second target 2050 (caution apply)

$BTC #Gate13周年全球庆典
$ETH #加密行情震荡