$ETH Stuck at $2500 playing bounces? The volume has shrunk to ant legs, and Trump is secretly selling - it's a signal for a violent pump!
Technical Aspect: Bollinger Bands are narrowing, MACD is playing 'ambiguous'
From the 1-hour chart, ETH is currently stuck in the 'sandwich' range of $2450-$2600:
The upper Bollinger Band (BOLL) at $2653 is like a 'pressure cooker lid', the price gets scared every time it touches it; the lower band at $2403 is the short-term bottom line, but the middle band at $2530 has become the 'midfield referee'.
MACD is even funnier - the green bar pops up and then retracts, the yellow and white lines are 'in a relationship', a typical case of 'directional choice phobia'.
After a huge volume explosion yesterday, the volume suddenly became 'impotent', indicating that the main force is playing 'quick in and out', and retail investors are easily cut.
Case Reference:
At the end of June, ETH lingered in this position for a week, later violently breaking through $2700 due to news of ETF capital inflows. Will history repeat itself today? It depends on the news.
2. News Aspect: ETF, Federal Reserve, Hacking Incident 'Three-piece Set'
Today's latest news integration
Good News: BlackRock's ETH ETF holdings reached a historic high, and institutions are still quietly accumulating.
Bad News: Federal Reserve officials stated 'September may see an interest rate hike', leading BTC to plunge, and ETH followed with weakness.
Black Swan: An ETH contract on a certain exchange was attacked by a flash loan. Although the amount was not large, the market is in a sensitive emotional period, and even a slight disturbance can trigger panic.
Great Sage's View:
The news is like a 'blind box', a short-term crash may wash the plate using bad news, but in the medium to long term, the ETH2.0 staking rate and on-chain activity, such as Uniswap trading volume, are still rising, and anything below $2600 is a 'discount zone'.
The Great Sage's bloody lesson:
Last month, a brother heavily bought long at $2550, only for ETH to spike down to $2400 and get liquidated. Remember: don't heavily invest at key levels; spikes teach you a lesson!
Currently, ETH is like 'Schrodinger's Cat' - if it doesn't break $2600, it's a fluctuating cat; if it breaks, it's a rocket cat! Do you think something big will happen today? Share your thoughts in the comments + like, and three people will be drawn to receive (ETH2.0 staking and mining guide)! $ETH #美股代币化
Remember! The market is not wrong; we are! I am the Great Sage, a top-tier layout team, only serving ambitious individuals among the crazy!