When will the Ethereum deadlock break? The hidden secrets in the battle between bulls and bears!
This Ethereum trend is truly exhausting!
On this daily chart, yesterday closed with a long upper shadow bearish candle, clearly indicating a failed attempt to rally as the bears slapped it down! The bullish strength is evidently insufficient, and the middle band of the Bollinger Bands has flattened out; both sides are locked in a fierce struggle!
Looking at the hourly chart, the price is playing a "roller coaster" at high levels! The short-term lows are quietly inching upwards, but the daily level has already fallen into a correction cycle. Strange, isn't it? The price has bounced back several times after touching 2450 yuan, and now it seems like it’s been hit with a freezing spell; it can't rise nor fall!
So, this market is holding back for a big move! Will you choose to bottom fish for a rebound, or continue to be a bystander? The longer it consolidates, the more intense the change will be; let's see who reveals their cards first, the bulls or the bears!
If you keep chasing highs and cutting losses and often get trapped, without the latest news from the crypto world and no direction, then follow me. Whether it's a slow bull stage or sector rotation, you won't miss out.
