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April 5th #Gate广场四月发帖挑战 ETH Trend Analysis
Bare K and Volume: The daily candle closed with a large bearish candle still within the major fluctuation range. After the large bearish candle, a doji appeared, indicating weak bullish resistance. After the consolidation, the trend is likely to continue downward. Short-term rebound is weak, and the market is consolidating sideways.
Moving Averages: Daily support at 2042, resistance at 2111; 4-hour resistance at 2055-2080.
MACD: Likely to continue consolidating over the weekend. It is recommended to refer to the 15-minute and 1-hour smaller timeframe