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Judging from yesterday's trend, the price fluctuations of ETH are quite obvious. On the market, we can clearly see that the price fluctuates up and down multiple times. This kind of volatile market actually reflects the fierce game between the long and short parties in the current market. Analyze from the perspective of technical indicators, such as moving averages. The positional relationship between the short-term moving average and the long-term moving average can give us some clues. As shown in the chart, when the price fluctuates around the moving average, it means the market is looking for direction. If the short-term moving average crosses above the long-term moving average, forming a "golden cross", this is generally considered a bullish signal. ； On the other hand, if the short-term moving average crosses the long-term moving average downward, forming a "dead cross", it may be a bearish signal. Judging from yesterday's situation, although prices have fluctuated, the overall short-term moving average seems to be still trying to maintain a certain upward trend, but the intensity of the increase is not very strong. Looking at the trading volume, yesterday's trading volume had a certain ups and downs. During the price rise stage, if the trading volume can be enlarged simultaneously, it means that the rise is supported by volume energy and is a relatively healthy rise. ； When prices fall, if trading volume shrinks, it may mean that there is insufficient downward momentum. Judging from the data, yesterday's trading volume did not show a particularly obvious increase or continued shrinkage. The overall volume was in a relatively stable but fluctuating state, which also reflects that there are certain differences in the market at the current price. From the perspective of market sentiment, the sentiment of the currency circle has a great impact on prices. The recent market news has been relatively complicated. Some good news may push prices up, but bad news may appear at any time to suppress prices. For example, some news about the ecological development of Ethereum, the launch of new applications or technology upgrades will attract some funds to enter the market. ； However, negative factors such as regulatory uncertainty will make investors worried and lead to price fluctuations. As for the subsequent trend, it is not easy to draw conclusions yet. If the price can effectively break through the upper pressure level, and accompanied by an effective amplification of trading volume, it is expected to start a wave of rising prices. ； On the other hand, if the price falls below the support level and trading volume increases during the decline, a correction may be in store. In short, the ETH market was full of variables yesterday, and the market was looking for direction in the long-short game. Investors must be cautious when operating, do a good job in risk control, and do not blindly follow the trend. After all, the currency circle is highly volatile and risky. Only by remaining calm and rational can we survive and develop better in this market.  |
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