ETH is lukewarm today! It won't boil or cool down, just grinding your restless heart!
Looking at the market: ETH/USDT current at $2529.00, slightly down -0.47%.
Key indicators:
Bollinger Bands: Middle band stable at 2533.07, upper band resistance at 2579.86, lower band support at $2486.28. The price is sticking closely to the middle band, the channel neither expanding nor contracting, like a bowl of "undercooked rice"! Both bulls and bears are pulling at each other, the red cloth in the middle of the rope is shaking in a small range, deadlocked, but whoever loses strength first may face disaster.
MACD indicator: Fast line DIF 8.30, slow line DEA 10.52, the two lines are sticking very closely. The key to watch is the MACD value, which is now -4.44!
What does this mean? It indicates that the previous bullish momentum is clearly weakening, and the forces of buyers and sellers are approaching equilibrium, neither side has the strength to immediately overpower the other.
Don't just stare at the market! The latest news has stirred things up: this morning it was revealed that the ETH core development team has postponed the "Sharding Phase" testnet deployment to mid-August! Although it did not trigger a crash, it is equivalent to adding another fuse to this "powder keg" of the market. Originally, the approval of the ETF was in suspense, and now with the technical upgrade delayed, big funds are becoming more cautious.
Result? The market has directly stuck together like "sesame paste", with 2529 becoming a psychological line that must be contested!
As a practical veteran,
Today ETH still has to "grind along" at 99%!
Blood and tears lessons! Previously, it was in a narrow range around 1800, and the MACD green bars were getting shorter just like now. How many people saw it bounce near the resistance and shouted to go all in on long positions? As a result, the manipulator executed a "false breakout" and quickly smashed through the support, trapping many!
Those who can truly reap the benefits are the patient old hunters who wait for it to firmly establish the resistance before making a move. The rules remain: 2486.28 is the iron support door, and 2579.86 is the steel pressure door.
Currently, ETH is like a salted fish waiting for the wind. But brothers, remember: in the crypto world, living longer is the true winner! Keep your "pond water level" safe and don’t let impulsive actions erode your capital.
Tap the profile picture, follow me, and don't miss any updates! Let's join the bull market feast!
Pay attention today: VIC M BONK ETH
