$ETH
November 07 Analysis by Aqiang: Retail Investors Urgently Pay Attention to the Crypto Market! Keep Up with this Wave of ETH Trends, Eat Until You're Full!
As a widely recognized powerhouse analyst in the crypto space, today I will clearly unveil the 'wealth code' of ETH's 1-hour K-line for you. Follow my rhythm, and we're set to feast on this wave!
Technical Analysis: Oversold Rebound Signal 'Blasting Through the Screen'
Look at this 1-hour K-line, it plummeted from 4253 to 3055, which can be described as a 'bloodbath-style correction'. But now! The price is fluctuating around 3280, with the lower Bollinger Band at 3278.29, and the price is almost touching the lower band. This is the critical point for an oversold rebound! Looking at the MACD, DIF-12.54, DEA-11.04, the MACD histogram has turned positive to 3.00, and the signs of bottom divergence are starkly evident; the bulls have been gathering strength underwater, ready to counterattack!
On-Chain Data: Whales 'Secretly Accumulating' Expose Main Force Intentions
Recently, on-chain whale addresses have been frantically accumulating in the 3100-3200 range! When have these 'helmsmen' of the market ever made losing trades? Their large-scale accumulation indicates that this range is the golden pit! Looking at the chip distribution, the density of chips in the 3200-3300 range is comparable to a 'copper wall and iron roof', providing strong support that is unbreakable. The main force clearly has no intention of letting the price drop further; what follows is the 'rally script'!
News Front: Multiple Positive Signals 'Fully Engaged'
Expectations for a major upgrade in the Ethereum ecosystem (Layer 2 technology landing progress exceeding expectations), institutional bullish positions in the ETH futures market continue to surge, and Wall Street's 'smart money' has already rushed in! On the macro front, the haze of the Federal Reserve's interest rate hikes has dissipated, and the tech sector in the U.S. stock market is rebounding strongly. Under the interconnectedness of the crypto market, how can ETH, as the 'leading altcoin', not lead the surge?
Conclusion: If you don't get on the train now, you'll only be watching others count their money!
Brothers, now is the perfect moment for 'while others panic, I am greedy'! With the three-dimensional resonance of technical analysis, on-chain whales, and news, ETH's rebound trend is already 'on the string'!