6.7 ETH Today's Market Analysis
Bollinger Bands open up and engulf volatility, moving averages pressing down like Mount Tai—In a volatile ETH market, bottom-fishing is like catching a falling knife; timing and technique are both essential!
1. Market Insights
BOLL Channel Anomaly
Parameters confirmed as BOLL, channel width reaches a monthly peak. The price is currently close to the lower band at 2450; if it breaks down with volume, it will trigger an accelerated decline. Case in point: yesterday, when rebounding to 2788, the upper band formed resistance, and the lack of volume led to a pullback.
Death Cross Validated
EMA7 has confirmed a downward crossover with EMA30, the current price of 2499.65 USD is pressed below the 2500 threshold, with three attempts to break through failing.
Volume Truth
The height of the red columns during the decline is 2.1 times that of the green columns during the rebound, and the buy order volume at 2450 this morning is only 18% of yesterday's selling pressure, indicating a clear dispersal of bulls.
2. News Triple Hit
Macroeconomic Bad News Confirmed
The Federal Reserve's interest rate hike expectations led to a 0.5% increase in the US dollar index, causing ETH to plunge in sync with US tech stocks, with a market cap evaporation of 18.2 billion.
On-chain Long/Short Signals
Gas fees have dropped to 3 gwei, boosting on-chain transactions by 15%. A whale transferred 35,000 ETH to exchanges in preparation for a dump, and the amount of staked miners unlocked has risen to 80,000 ETH.
BTC Dragging Intensifies
BTC plummeted to $67,800, with ETH's correlation to the drop expanding to 1:1.
3. Practical Strategy
Position Price Operational Significance
Resistance Level
2503 with dual moving averages + psychological defense line; a breakout requires significant volume
Life-and-Death Line
2450 with the lower BOLL band + the last line of defense for bulls
Breakout Target
2400, a densely populated liquidity pool on the weekly chart
Short-term: Adjust long order price range to 2450.5-2451.5, take profit target 2480.
Contracts: Leverage strictly ≤ 2x; during channel expansion, the liquidation rate reaches 320%.
Follow me to see through the phenomena and understand the essence, let's traverse the bull and bear markets together
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Intraday Attention: MASK LA ETH BTC
