Release： 03/28/2023 08:24

Update： 03/28/2023 08:24

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ETHUSDT 1-hour chart March 28 21:21 Bear market

The standard deviation range has been rising,

which indicates increased price volatility and market instability.

A close above 2 standard deviations of the BB suggests the price is exceeding the upper band,

and it is a sell signal.

With the 200-hour EMA turning down and currently below the price,

this implies a downward price trend.

The RSI is rising steadily and is in Stage 1,

so it is not a buy signal.

Since the broader cycle is in Stage 1, the ETH/USDT pair

is suggested to be in an overall upward trend over the long term, but

given the current conditions, a short-term decline is considered more likely.

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