Ethereum (ETH) has shown weakness in its recent trend, with technical indicators suggesting a potential pullback risk in the short term. From the 4-hour chart, the price is currently under pressure from EMA7 (2517), indicating a weak short-term trend.



Although the MACD indicator is still above the zero line, the DIF (23.27) is about to form a death cross with the DEA (9.06), and the red bar volume continues to shrink, indicating that the upward momentum is waning. More notably, in the KDJ indicator, the J value has risen to a high of 112.7, which is seriously overbought, and the K-line has shown signs of stagnation, all of which suggest that there may be adjustment pressure in the short term.

Based on the current technical analysis, ETH may encounter resistance in the 2610-2580 range. If it breaks down, the next support level could be around 2530-2500-2480. Investors should closely monitor these key price levels and adjust their strategies promptly based on market changes.

It is worth mentioning that the cryptocurrency market is not only influenced by technical factors but is also susceptible to macroeconomic factors. Investors should pay attention to external factors such as changes in global economic policies when making decisions, in order to fully assess market risks and opportunities.
ETH-1.46%
J-10.12%
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SelfStakingvip
· 07-05 07:04
Continue shorting, just go all in on shorting and it's done.
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PhantomMinervip
· 07-05 01:37
disappointing should enter a position but not entering a position now chase the price
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AlgoAlchemistvip
· 07-04 06:31
Prepare to play people for suckers.
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NFTArchaeologistvip
· 07-02 23:44
Just smash it.
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Web3ProductManagervip
· 07-02 23:43
quick a/b test shows eth's user journey hitting major friction points rn... bearish cohort metrics tbh
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LucidSleepwalkervip
· 07-02 23:43
Why are you talking about a downturn again... what kind of K-line are you playing with?
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VirtualRichDreamvip
· 07-02 23:42
The market is about to turn again... A gambler's nightmare.
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Deconstructionistvip
· 07-02 23:38
What’s the use of this technical analysis? The main trend still depends on the face of the bull.
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DecentralizeMevip
· 07-02 23:26
I'll just continue to copy the data.
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