$ETH The price has been fluctuating around 3400 recently, with large fluctuations. Long upper and lower shadows have appeared many times, indicating that there is strong selling pressure and buying in the market.

1. Moving average indicator (EMA):

• 4-hour cycle: EMA7, 30, and 120 moving averages are glued together, and the market direction is unclear.

• Daily cycle: EMA7<EMA30<EMA120, the market is short-term.

• Monthly cycle: EMA7>EMA30>EMA120, the long-term trend is bullish.

2. Volume indicator:

• 4-hour cycle: The volume is enlarged and the market activity is increased.

• Daily cycle: The overall volume is large, and there are many market participants.

3. MACD indicator:

• 4-hour cycle: The fast and slow lines are below the zero axis, and there are signs of upward convergence.

• Daily cycle: In the negative area, the short-selling force is dominant.

• Monthly cycle: Positive but gradually weakening.

IV. RSI indicator:

• 4-hour cycle: close to the neutral range (51.5), no obvious overbought or oversold signals.

• Daily cycle: slightly below 50 (44.6), the market is weak.

• Monthly cycle: above 50 (58.1), the long-term trend is bullish.

Overall, the market may face some pressure in the short term, but the long-term trend is still bullish.