Information as of 4 AM on July 19:
"Trump calls for interest rate cuts to stimulate the crypto market, and the EU's natural gas policy increases safe-haven demand! ETH surged and then pulled back; Zhuque: After the washout, there will be another wave!"
Information as of 4 AM on July 19:
Trump hawks:
"High interest rates strangle the housing market; rates should be lowered to 1%!" — If the Federal Reserve follows suit with rate cuts, liquidity expectations will strengthen, benefiting risk assets (ETH) and boosting short-term sentiment.
EU natural gas policy on July 18
Extending reserve policies may alleviate concerns about the energy crisis, weakening safe-haven demand, leading some funds to flow back from ETH to traditional markets, resulting in a pullback after a surge.
2. Technical aspect: Key signals on the ETH one-hour chart
Price action:
Current price 3570, down about 4.4% from the previous high, Bollinger Bands are narrowing, and volatility may explode in either direction after compression.
Trading volume:
After a rise in volume, it has retraced with lower volume, indicating a weakening bullish momentum, but no panic selling has occurred, and it may soon enter a period of consolidation.
Key level: 3569
3. Zhuque's view: The main players are fishing for impatient retail investors!
ETH fluctuated from early morning until 11 AM. At 11 AM, it broke through to around 3607 but then lacked momentum and pulled back, later rising to 3640.
Current market lacks upward momentum and needs a pullback to attract more buy orders. It requires accumulation of momentum for a new wave of rally. Although ETH is currently on an upward trend, its future trajectory is full of possibilities. With the continued improvement and development of the ETH ecosystem, more large institutions and investors may enter the market, further driving up ETH prices. Additionally, closely monitoring changes in the information landscape is crucial. Once significant industry-positive or negative news emerges, we need to adjust our trading strategies promptly to adapt to market changes.
Short-term: ETH is in a "news-driven + technical consolidation" phase. If it stabilizes above 3609, it may challenge the previous high.
Medium to long-term: Expectations of Trump lowering interest rates + a shift in Federal Reserve policy are potential major positives, but the EU's energy policy easing may delay the pace of upward movement.
Want to know specific operational advice for short and long-term recommendations? Click on the profile picture to find Zhuque. The market fluctuates, but Zhuque is here to accompany you!
