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ETH
On December 26th, the four-hour chart review shows a breakout above the upper Bollinger Band followed by a significant pullback, indicating a shift from an uptrend to a downtrend. The price then fell to the lower Bollinger Band and is now consolidating sideways at a low level.
Looking at the 1-hour indicator, the Bollinger Bands are opening and closing within the range of 2984-2894. The midline is trending downward at 2939, with ETH at 2927.
Moving averages suggest a parallel trend.
MACD: Below the zero line. The bearish momentum is gradually decreasing, and the two lines are becoming parallel, entering a sideways consolidation.
RSI: Around 30-30. The two lines are parallel, indicating sideways consolidation.
Resistance levels: 2938-2946-2961
Support levels: 2870-2810-2775
ETH outlook: Sideways consolidation
Summary: Not recommended to trade today.