ETH Market Analysis on October 23
#ETH反弹在即? 1. Trend Analysis
· Bearish pattern is solid: The price is below all short- to medium-term EMAs, showing a standard bearish arrangement.
· Deep pullback confirmation: dropped from the high of 4,666.63 to the current 3,817.51, a decline of over 18%
· Key position: The price is fluctuating in the range of 3,706-3,859, testing the support below.
· Unique support: EMA180(3,633.28) remains an important long-term support.
2. MACD Indicator Analysis
· Short selling momentum continues:
· DIF(-125.24) < DEA(-102.34), the MACD histogram is negative (-22.92)