Looking at Ether on the hourly chart, the price has fallen back after facing pressure near 2738, running below 2600 in the short-term trend. Overall, it is moving at the end of a descending triangle. From the indicators, the Bollinger Bands are moving downward with the three lines narrowing, and the MACD indicator shows higher trade volumes for short positions. Overall, the probability of a downward breakthrough of the triangle's horizontal support is greater. The intraday outlook remains bearish.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Looking at Ether on the hourly chart, the price has fallen back after facing pressure near 2738, running below 2600 in the short-term trend. Overall, it is moving at the end of a descending triangle. From the indicators, the Bollinger Bands are moving downward with the three lines narrowing, and the MACD indicator shows higher trade volumes for short positions. Overall, the probability of a downward breakthrough of the triangle's horizontal support is greater. The intraday outlook remains bearish.
Reference point: 2583 short positions, target 2523. Defense 35 points. #BTC #ETH