The current 4-hour MACD has crossed bearish. The last time it crossed bearish, it was followed by a high-level consolidation. Will this happen again?
This wave of Ethereum's rise is mainly driven by institutions, with a rapid increase that hardly gave retail investors a chance to enter.
Right now, the main players may choose to oscillate at a high level to accumulate positions, waiting for retail investors to FOMO in before executing another round of shakeout.
In the short term, there is a risk of adjustment in the market, and it is highly likely to go down first before going up.
In terms of operations, it is recommended to primarily adopt a bearish strategy, waiting to consider turning bullish after a pullback to the upper boundary of the previous consolidation area. $ETH #加密立法新纪元 #GENIUS稳定币法案 #币安HODLer空投C