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ETH currently shows a weak bullish pattern. The technical Y/X ratio is 3/3, which indicates a bullish signal but with limited strength. Simultaneously, observe the performance of the altcoin index, with Y/X data at -4/7, reflecting an overall weak bearish trend.
The time frame differentiation is quite apparent. The daily chart shows an 84% probability of a strong decline, but the recent 5-minute candlestick has turned bullish, indicating short-term rebound potential. The MACD indicator is still in a downward phase and has not yet formed a bottom.
Overall, the market is in a stage of balancing and searching for direction. Key indicators based on price and volume show mixed signals—Y-axis represents price-driven factors, while X-axis represents volume-driven factors. The divergence between the two suggests that bulls and bears are still testing each other. Close attention to the subsequent changes in these key indicators will be an important reference for judging the market's next move.