Breaking! The 1 Hour K-line for ETH hides a big secret, is the crypto world about to change?!
Family! I just finished analyzing the latest 1 Hour K-line chart for ETH, and combined with on-chain data and news, I found that something big is about to happen!
First, let's look at the K-line. Currently, ETH opened at 3790.93 and closed at 3772.20. Although the increase is 0.49%, the fluctuation is 0.70%, indicating significant volatility. The 7-day and 30-day moving averages are in a bullish arrangement, and the short-term moving averages are turning upwards, which is a generally strong signal, but after peaking at 3842.95, it has retraced, showing initial signs of stagnation at high levels.
Next, let's examine the trading volume, which shows significant anomalies. A large bullish candle accompanied by huge volume suggests a flood of capital entering the market? Or is it a sell-off? On-chain data shows that some large whale wallets have made transfers, sounding the alarm for a loosening of chips!
What about the news? Recently, there have been whispers of regulation and undercurrents in the industry, which could act as a trigger for market movements at any moment. At this critical juncture, will ETH break through the previous high and set a new record, or will it turn down and dig a pit?
Listen closely to my judgment! From a technical perspective, the moving average support is still intact, but the risk of high-volume stagnation is extremely high; the movements of on-chain whales are suspicious, and combined with the uncertainty in the news, ETH is very likely to first correct and consolidate in the short term!
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