ETH one-hour analysis: News + Technical Analysis + Zhuque's personal view.
I. Impact of News
Negative news from stablecoin regulation is fermenting.
Impact: If market sentiment turns bearish, ETH may face downward pressure, but it is necessary to observe whether it breaks through key support.
Upcoming macro events
Although the short-term impact is limited, if macro data exceeds expectations, ETH may follow the market's fluctuations.
II. Technical Analysis of ETH one-hour chart
Price and Key Levels
Current Price: 3759.
Resistance Level: Marked in purple at 3809.
Support Level: Support in purple box at 3723.
Indicator Signals
MA5/MA10: Price above the two moving averages, short-term bias is bullish, but caution is needed for the direction choice after the moving averages converge.
MACD: The histogram's red bars are narrowing, and DIF is approaching DEA for a golden cross. If the golden cross is confirmed, a slight rebound may occur, but the strength is questionable.
III. Zhuque's personal view: Oscillating bias towards bearish, short-term high sell low buy.
ETH fluctuated within a range from 6 AM to 11 AM. At 9 AM, a support level emerged, preventing further decline. At 11 AM, it broke through the range. Zhuque predicts that ETH's future trend will reach 3776, but due to insufficient momentum, it will pull back to around 3762 before breaking the historical high of 3802. If you don’t know what an effective breakout is, you can come to Zhuque, who will guide you step by step.
IV. Summary
News: Negative pressure from stablecoin regulation is suppressing sentiment, but ETH has not yet broken down.
Technical Analysis: The oscillating pattern remains unchanged, with clear pressure and support levels. Caution is needed for false breakouts.
Operation: Strict stop-loss, follow the trend, don’t be greedy!
Are you trapped? When to buy the dip? It’s still that saying, feeling lost and helpless and don’t know what to do, click on the avatar to comment. I need fans, and you need references.