June ends perfectly, get ready to welcome the violent bull market in the second half of the year!!!
Ethereum has been quite active recently. After a pullback to the low of 2431 last night, it started to rise overall in the early morning, briefly surging to a high of 2521 during the day, but due to heavy selling pressure above, it ultimately fell back to around 2481 and stabilized. $ETH
From the daily technical pattern, the Bollinger Bands are clearly narrowing, with the distance between the upper and lower bands gradually decreasing.
The K-line bodies are generally small, indicating a balance of bullish and bearish forces, and the market is entering a consolidation phase. The middle band of the Bollinger Bands is flat, the MACD indicator is consolidating near the zero axis, and trading volume continues to shrink. These signs suggest that the market is about to face a directional choice.
As the volatility range narrows, if there is an effective breakthrough of the upper or lower Bollinger Band, it usually signifies the formation of a new trend. In the morning, continued attention can be given to the downward trend.
Break the doubts with strength!!!