The Federal Reserve strikes with an eagle! If $ETH 2405 breaks, it points directly to 2300
The market is in a turbulent state, with the 2400 level becoming the life-and-death line for today!
Current price: 2430 USD, closely following the middle Bollinger Band at 2405 USD, gathering strength. The favorable news of Hong Kong approving the spot ETH ETF encounters hawkish pressure from the Federal Reserve's statement of 'only one rate cut this year', with bulls and bears waiting for directional signals amid the tug-of-war of information.
Bullish stronghold: As long as the middle track holds, momentum remains
1. MACD still has residual warmth
DIF (22.8) remains above DEA (13.2), double lines hovering above the zero axis, but the height of the red bars continues to shrink, caution is needed for potential energy decay.
2. Double buffer support
Support zones are formed at 2368 USD and 2320 USD, coupled with ETF favorable expectations, making the retracement space relatively blocked.
Bearish weapon: 2520 high-pressure area is as solid as a rock
1. Ceiling double confirmation
Previous high at 2520 USD + upper Bollinger Band at 2540 forms a technical high pressure, with three failed attempts to break through confirming heavy selling pressure.
2. Volume betrayal signal
Multiple upward attempts have not seen accompanying volume, MACD red bars' shrinkage suggests funds are on the sidelines, a breakthrough requires volume to ‘jack up’.
Breaking the deadlock, focus on two lines
Offensive script:
Break through 2520 USD with increased volume - target 2600+
Simultaneously verify MACD golden cross diffusion + sharp increase in red bars
Retreat strategy:
Losing the middle track at 2405 - warning for a pullback to 2368 USD
2300 USD is the last defense line; if broken, the trend reverses
1. Holders: Strictly maintain stop-loss at 2395 USD
2. Add position: Breakthrough at 2520 to chase long OR stabilize at 2368 to bottom-fish
3. Short-term traders: High sell-low buy between 2405-2520, 1% stop-loss on break
The middle track determines bulls and bears! Today's volume will decide whether it can use the ETF tailwind to break through the 2520 iron ceiling!
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