$ETH Warning Signal! 2245 Unbroken, Will It Plummet?
ETH's 4-hour chart looks a bit precarious. The price is currently stuck at 2245, below the 7-day moving average of 2249. If it can't break through, it indicates significant short-term pressure. The 30-day moving average is still high at 2361, and being far away shows that the medium-term trend is still downward. The RSI indicator is fluctuating between 30-40, in a state of stagnation, and both MACD lines are hovering below water. Although the green bars are short, they haven't turned red, and the bears are still in control. In simple terms: if the 2245 level can't hold, it may continue to test lower levels, with the next support around 2200. If there’s a sudden surge in volume and it stands above 2250, it might just touch 2280.
The ETF in the crypto space is likely to follow ETH and remain flat today. There haven't been any major news stimuli, so if there’s no significant movement in ETF funds after the U.S. stock market opens, it’s likely to be a slow decline.
Focus on two key things: first, whether there will be sudden regulatory news from the U.S., and second, whether Bitcoin can hold steady.
If ETH drops below 2240, related ETFs may follow suit and drop; if it suddenly rebounds above 2270, there might be a short-term opportunity. The recent market has been stagnant, so don't make rash moves without volume. If you're feeling impatient, wait for a clear increase in volume before acting.
Next, I will continue to strategize with precise orders. Instead of blindly exploring and failing to capture the best entry and exit points leading to losses, it’s better to follow me directly if you agree.
