ETH Weekly Report | Bulls are surging all the way, beware of technical pullbacks

1. Market highlights <br/>Current Ethereum price: 369.5
Volatility last week: 27.54%
Operation suggestion: lock in profits and reduce positions appropriately
2. Trend Details <br/>Last week, the price of ETH continued its previous surge and continued to climb. After nearly a year and a half of stock washing, the bulls have significantly raised the market price. So far, this round of increase has been nearly 10 times, and danger signals may appear at any time. Holders should pay close attention to the market. Looking at the daily chart, after the price appeared a big positive line on March 24, the fluctuation range continued to shrink for three consecutive days, approaching the moving average system (5, 10, 20), and the trading volume continued to decline. At the same time, the area of ​​the long energy green column of the MACD indicator continued to shrink, indicating that due to the increase in profit floating chips, the bulls are facing severe selling pressure in the short term. However, since the market is in an upward trend, it is positive to be bullish and cautious to be bearish.

Looking at the weekly chart, the moving average system is in a bullish arrangement, and the MACD indicator and the market trend are well matched, indicating that the bullish energy continues to increase. At the same time, the stochastic indicator and the strength index are purified in the oversold area, and the buying power is still strong. However, due to the strong divergence of the moving average system and the large distance between the price and the moving average system, the market may converge at any time.
Although the market was dormant for a long time and was well prepared, the market has been rising for three consecutive weeks, and the willingness to sell at a profit will become stronger and stronger. Investors should let profits run, but at the same time be alert to the unique characteristics of the market, which has serious ups and downs. If there are danger signals, profits should be locked in.