$ETH MACD has shown a death divergence! ETH enters 'garbage time' with a breakthrough signal focusing on 2550!
Current ETH price is 2488 USD, up 0.53% in 24 hours, with only a 33 USD difference between the highest and lowest, basically moving sideways — staring at the market is purely a waste of time.
Bollinger Bands: The upper band is pressed at 2703 USD, a volume breakout is needed to rise. The lower band is stuck at 2403 USD, unable to go up or down.
Indicators hide mysteries: MACD divergence:
Green bars (-17.68) are still negative, the bears are not completely dead; but the fast line (DIF: 29.1) is pushing up, the slow line (DEA: -20.26) is dropping — big funds are psychologically split, don’t expect a clear direction in the short term.
RSI: All three lines are stuck between 42-44 (normal range), market sentiment is weaker than plain water.
Current situation: No volume, no volatility, no sentiment, this kind of market is despised even by dogs.
Key life and death line: If it can break through 2550, there might be a chance to touch 2700; if it breaks 2400, run immediately, there’s at least an 8% drop below.
MACD green bars are negative and the fast and slow lines are diverging, beware of a midnight spike crashing the market!
Next, I will continue to layout the divine orders. Rather than blindly exploring and failing to capture the best entry and exit points leading to losses, it’s better to follow me; those who agree can come directly.
