$ETH True trading wisdom lies not in predicting market trends, but in cultivating the ability to respond to various possibilities—knowing how to follow when a breakout occurs, understanding when to cut losses in the face of a reversal, and learning to patiently wait during prolonged fluctuations. Ethereum maintained a narrow range of fluctuations in the early morning, with the price oscillating between 3029-2982, and is currently consolidating around 3007. The range trading idea provided by Yunduo at midnight has been successfully validated.
Technical indicators show that the market is in a state of equilibrium between bulls and bears: the 4-hour Bollinger Bands are narrowing, the MACD dual lines are closely following the zero axis, and the RSI remains in the neutral range of 45-55. It is noteworthy that on-chain data indicates a continued net outflow from exchanges, but the speed at which whales are accumulating has significantly slowed, and market sentiment is cautious. Close attention should be paid to liquidity changes after the European market opens. Historical data shows that after such extreme volatility compression, a one-sided trend of more than 5% often follows.
Ethereum suggestion: Around 3000, one can lightly position long orders, with a stop loss set below 2980 USD, and target levels at 3025-3040; if the price breaks the 3050 resistance level, one can follow the trend and add long positions.