$ETH
On November 11th, Aqiang's midday analysis in the cryptocurrency circle: ETH's shocking signal has appeared, follow the rhythm and eat meat with your eyes closed!
The iron-blooded wolf pack of the cryptocurrency world! If you still can’t understand this wave of ETH market, then you will really miss the opportunity to feast on profits! As a seasoned hunter who has fought in the cryptocurrency circle for many years, today I will help you uncover the wealth code of the ETH 1-hour K-line. Those who understand will definitely reap a bountiful return this time!
Technical Analysis: Strong support + Indicator turning point, the bullish counterattack is imminent.
First, let's look at the technical market! MA7 (3577) and MA30 (3582) form a short-term bullish-bearish battleground. The current price of 3538 is still below the short-term moving average, but the lower Bollinger Band at 3508.56 is a solid support. Once touched, it will be an excellent entry point! Looking at the MACD, the DIF (2.88) already shows signs of turning upwards, and the DEA (7.30) is about to be broken through, which is a clear signal of bullish accumulation. The bears won’t be rampant for long!
On-chain data: Whales bottom fishing + increased volume, the intentions of the main forces are clear.
Those in the know understand that on-chain data never lies! Recently, multiple whale addresses holding tens of thousands of ETH have been frantically accumulating in the 3200-3500 range. They are willing to invest hundreds of millions, what are you still afraid of? Moreover, the on-chain trading volume has recently increased significantly, which is solid evidence of real money entering the market. Where the funds are, the market will follow!
News: Compliance + ETF + Technical upgrades, triple benefits create a golden opportunity.
The news is even more explosive! The SEC's attitude towards ETH compliance is becoming more lenient, and institutions are secretly laying the groundwork for the ETH ETF. Once approved, it will mean massive funds entering the market; combined with Ethereum's own technological upgrades and ecological prosperity, the fundamentals are rock solid! The current pullback is just a way for the main forces to provide us retail investors with an opportunity to get on board.