ETH/USDT Current Quote: $2529.00, slight drop of -0.47% within the day
You're not mistaken, this trend is like a pot of 'half-cooked rice'—neither fully cooked nor raw, just grinding on people's nerves.
1. Market Structure: neither moving nor breaking
Bollinger Bands:
Middle Band: $2533.07
Upper Band Resistance: $2579.86
Lower Band Support: $2486.28
The price is moving closely along the middle band, neither expanding nor contracting; the oscillation has become an attitude. You can feel the market 'holding its breath': buyers and sellers are like two strong men in a tug-of-war, the midpoint of the red rope swaying back and forth, whoever leaks first will kneel first.
MACD:
DIF (Fast Line): 8.30
DEA (Slow Line): 10.52
Bars: MACD Value -4.44
The shrinking bars indicate that the power of buyers and sellers is getting closer, and no one dares to make the first move, fearing that an impulsive action will lead to disaster.
2. News Aspect: The sand has arrived, and the gunpowder smell is getting stronger.
Just revealed: ETH's core development team has postponed the Sharding phase testnet to mid-August.
This news, although it did not trigger a panic sell-off, has added another fuse to the already tense market.
Plus, with the ETF approval still uncertain, big funds see: oh, another trouble? They choose to stay on the sidelines!
3. Current Rhythm: sticking together like glue
The position of 2529 has become a psychological tug-of-war red line.
ETH doesn't not want to rise, nor does it have to fall, but no one is willing to be the first to take action.
The result is: unable to rise high or drop low, just grinding sideways.
As an experienced trader, I must say a word of blood and tears:
Last time ETH oscillated around 1800, the MACD green bars were shrinking.
Many people get excited and rush in when they see a resistance level—resulting in the market maker executing a 'false breakout', directly reversing and crashing through support, leaving a lot of people trapped!
4. Strategy Reference: Prioritize stability, patiently wait for the wind to come.
Key Level for ETH Now:
Iron Support: $2486.28
Steel Resistance: $2579.86
It’s not worth taking risks before a breakthrough.
Don't fantasize about eating lobster when the salted fish hasn't turned over; wait until it truly breaks through, that's when the seasoned hunter makes a move!
