Prostitute Late Session Technical Analysis

* The daily chart shows ETH/USDT is in a strong downtrend, with today’s candlestick forming a large bearish candle accompanied by high trading volume, breaking below the previous low of 1989, indicating strong bearish momentum.

* The hourly and 15-minute charts also show a clear downward trend, with prices consistently trading below moving averages. At 14:00, the hourly chart shows a massive bearish candle, indicating strong selling pressure.

* The current 15-minute candlestick is a small bullish candle with a small body, located at recent lows in the downtrend, possibly indicating short-term stabilization or a rebound, but the overall trend remains bearish.

* MACD: On the 15-minute chart, the DIF line crosses above the DEA line from the negative zone, and the MACD histogram turns positive, forming a short-term golden cross. This is more likely a rebound signal during a downtrend rather than a trend reversal.

* RSI: On the 15-minute chart, RSI has been in the 30-40 range for a long time, repeatedly touching oversold levels. Recently, RSI has rebounded from lows to 35.73, and when prices hit new lows, RSI showed an upward movement, forming a potential bullish divergence, indicating weakening short-term downside momentum and possible rebound.

* EMA: On the 15-minute chart, EMA7, EMA30, and EMA120 are in a bearish alignment, with prices well below all moving averages, indicating a clear downtrend. The current price of 1942.58 is below EMA7 (1943.14), which acts as a short-term resistance.

* The daily and hourly charts show that large price declines are accompanied by massive volume, especially at 14:00 and on the daily chart, confirming the validity of the downtrend.

* On the 15-minute chart, recent declines have seen increased volume, but the latest small bullish candle has low volume, indicating insufficient momentum for a strong rebound.