Bull markets often see sharp declines, bear markets often see sharp rises, while consolidating markets are specifically designed to defy expectations. Today's ETH is stuck in the critical range of 2550-2600, repeatedly rubbing against it. The bulls and bears are like two martial arts masters sparring on the edge of a cliff; a slight misstep could lead to a bloody storm.
Technical Aspect: Bollinger Bands are tightening, MACD has hidden mysteries.
From the 1-hour chart, ETH price runs closely along the upper Bollinger Band at 2613, but has never been able to stabilize above 2620, indicating weak bullish momentum. The MACD is even stranger—DIF at 0.93 is firmly suppressed by DEA at 5.08. Although the green energy bars are shortening, it's like a 'tiger that has been hungry for three days,' ready to pounce at any moment.
Key Points:
Bullish Defense Line: 2580 Bollinger middle band, if broken, could head straight for 2560. Bearish Nightmare: 2600, once broken, could trigger FOMO buying, targeting the 2640-2680 trapped area.
Case Review: Do you remember that wave of 'false breakout' at the end of June? ETH shot up to 2640 and then quickly crashed, with the big players harvesting leveraged longs. Will the same script play out today?
News: ETF fund movements + whale addresses increasing their holdings.
Good News: BlackRock's spot ETF saw a net inflow of $120 million yesterday, and large institutions are still secretly bottom-fishing.
Potential Bomb: Tonight at 8 PM, U.S. non-farm payroll data will be released. If employment exceeds expectations, the Federal Reserve's interest rate hike expectations may rise, and risk assets could collectively plunge.
Dasheng's View: Mixed signals in the news, but 'no rise despite good news is bad news'—the inflow of ETF funds can't lift the price, indicating heavy selling pressure in the market.
The current question is: What is ETH waiting for?
Is it waiting for BlackRock to buy another billion? Or is it waiting for the Federal Reserve to turn dovish? Or perhaps... waiting for a needle to pierce through 2300? Tonight's non-farm payrolls might just be the spark that ignites the fuse. Follow Dasheng, live stream at 8 PM to analyze the non-farm data and help you avoid getting harvested!$ETH #美国加征关税
Remember! The market is not wrong; we are! I am Dasheng, part of a top-tier layout team, only serving ambitious individuals with vision among the crazies!
