Just experienced that heart-pounding weekend plunge, #ETH actually rebounded over 10%, directly flipping and stabilizing at key support! #香港加密概念股
But brothers and sisters, don't celebrate too early. When geopolitical issues and market trends change, this is essentially a 'roller coaster' market, so hold on tight! 🎢 #下一任美联储主席人选
From the chart, the second largest cryptocurrency by market cap—Ethereum—hasn't given us a clear signal yet, spiking today and potentially retracing tomorrow, it's really stressful and hard to bear. 😵💫
ETH struggles with EMA: $2,400 is a key level⏳
Crypto analyst Swallow Academy mentioned that after rebounding from the weekend low, ETH has recently returned to the exponential moving average (EMA) near $2,400. This price level used to be a super critical support point, and everyone is watching it.
Last weekend, ETH plummeted from $2,500 to $2,150, and the market atmosphere became tense, investors started to watch cautiously. But now the EMA test tells us: buyers are still pushing hard, and prices are being elevated.
So what's next? The analyst says, ETH is really taking it one step at a time right now, the direction isn't very clear. If it can stabilize, the next stop might be towards the resistance level of $2,800; if it can't hold, the price might drop back to around $2,000.
What's the next step? Look here, Mister Spread has something to say👇
As ETH gradually gains strength, another analyst, Mister Spread, pointed out that Ethereum has actually shown '3x power' (PO3)—accumulation, divergence, expansion. It sounds profound, but it's really just the market building energy.
Currently, the accumulation phase has ended, and the price drop is just a manifestation of the divergence period. Now the price has just broken through the divergence box, which indicates that the expansion phase may come early!
If that's the case, ETH's price could aim for the supply block of $2,800-$3,000. But if the market doesn't perform well and drops below $2,100, then this bullish logic will be discounted.
Summary: Don't be too impulsive, the future of ETH still depends on its direction 🚦
Ultimately, while this rebound in ETH is uplifting, there are still many uncertainties. Everyone should stay vigilant and remember that the market can surprise (or shock) at any time. Keeping an eye on key price levels and closely following the market is the way to go!
✍️ DYOR, manage your risk well, may everyone set sail in the crypto world! 🌊
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