* MA5 and MA10 are in a downtrend towards MA30. In particular, the intersection of MA5 and MA10 (also called a bearish intersection) has given a short-term bearish signal. * The price is currently just above MA30 (2,667.87). MA30 could act as support at this point. If the price falls below MA30, the downtrend could accelerate. Volume: * The volume bars below the chart show that green volume increased as the price rose (around June 10), but red volume also increased as the decline began. The sell volume in the recent downtrend is remarkable. For this situation, a SHORT position can be opened at 2700 - 2750. The target can be closed around 2350.
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#ETH
* MA5 and MA10 are in a downtrend towards MA30. In particular, the intersection of MA5 and MA10 (also called a bearish intersection) has given a short-term bearish signal.
* The price is currently just above MA30 (2,667.87). MA30 could act as support at this point. If the price falls below MA30, the downtrend could accelerate.
Volume:
* The volume bars below the chart show that green volume increased as the price rose (around June 10), but red volume also increased as the decline began. The sell volume in the recent downtrend is remarkable. For this situation, a SHORT position can be opened at 2700 - 2750. The target can be closed around 2350.