ETH today market analysis: consolidating power, waiting for a breakout
The market won't stay sideways forever, just like the tighter the spring, the bigger the rebound - ETH is brewing a major move!

1. Current market: Bulls and bears are in a stalemate, key point battle

From the 1-hour K-line perspective, ETH/USDT price is narrowly fluctuating in the range of 2509-2528. The Bollinger Bands (BOLL) are gradually narrowing (upper band 2574.58, middle band 2544.24, lower band 2513.91), and the price is running close to the lower band, indicating short-term weakness.

MACD indicator: DIF (-11.98) and DEA (-12.44) are glued below the zero axis, the histogram has slightly turned red (0.91), indicating that bearish momentum is weakening but bullish strength has yet to emerge.

Trading volume: recent volume has been continuously shrinking (MA5: 89.4k), and market sentiment is heavily cautious.

Key point:
Support level: 2509 (daily low, tested multiple times without breaking)
Resistance level: 2628 (daily high, three tests faced resistance)

2. Market sentiment: ETF capital inflow + technical repair demand

Latest updates:

Grayscale ETHE funds have continuously net inflow, indicating institutions' willingness to accumulate at lows

MACD shows signs of a bottom divergence, indicating a technical rebound demand in the short term

Great Sage's view:
Current trend is similar to the 'golden pit' pattern of BTC in May:

In May, BTC violently surged 15% after hovering at 90,000 for 7 days

If ETH stabilizes above the Bollinger lower band at 2513, it may replicate a similar trend

3. Operational strategy: Follow key point breakthroughs

Short-term strategy:

Break above 2528 with volume → Lightly enter long positions, stop loss at 2509

Break below 2509 → Wait and observe for a test of the 2480 support

Medium to long-term layout:

Place orders in batches below 2480, optimistic about ETH 2.0 upgrade expectations

"The end of sideways often hides the biggest opportunities! Will you choose to ambush in advance or wait to chase after a surge?"

Tonight at 20:00 in the fan group (CPI data interpretation), I will help you seize the best entry opportunity!

I am the Great Sage, trust the institutions, take a walk in heaven; trust the Great Sage, let the money roll in the grave. If you want to know the latest news or consult, or don't know what an effective breakout point is, you can click to follow, the Great Sage will guide you! If I can't do it, you are welcome to wake me up in the comments!