ETH trend analysis conclusion: Bearish, rebound momentum is insufficient, continuing the downtrend pattern, will test the 3900 and 3800 round numbers again.
K-line pattern: A series of consecutive bearish candles appeared at the 1-hour level, forming a short-term descending channel, with the price quickly retreating from 4140 to 3994, indicating that bears dominated the daily level, resulting in a long lower shadow (lowest point of 3931 on October 28). However, the close was unable to surpass EMA7 (4003), forming a weak rebound pattern.
Technical Indicators: MACD: The 1-hour level DIF and DEA
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