Emergency! ETH 1 Hour K-Line Hides Shocking Signals, Is the Crypto Market About to Change?
Family! The heartbeat moment in the crypto world has arrived again! Now, staring at the ETH 1 hour K-Line chart, my blood pressure is skyrocketing!
First, let's look at the on-chain data. Recently, there are clear signs of selling pressure on ETH, with short-term moving averages severely suppressing the price. The 7-day moving average is plunging downwards, and the 30-day moving average is also not showing any good signs. Then, looking at the trading volume, although there was a panic sell-off with a volume drop to 3616.66, the subsequent volume didn't continue to follow up. This downward trend looks fierce, but it seems a bit powerless?
What about the news? Recently, regulatory winds are blowing, and market sentiment is fluctuating. As soon as Bitcoin shows some volatility, ETH shakes along with it. But! Don't panic! Behind these extreme fluctuations often lie opportunities — after a sharp drop, as long as ETH shows signs of stabilization, combined with moving average recovery and volume warming, a rebound could come at any time!
I dare say, the next few hours are crucial for ETH's life-and-death situation! Will it continue to squat and gather strength, or will it launch a counterattack and explode upwards? I will keep a close watch on the market and provide everyone with accurate strategies in the community and updates in real-time! If you want to catch the pulse of ETH's comeback and eat the profits, hurry up and follow me! If you miss this wave, you might regret it! In the ups and downs of the crypto market, stay close to reliable analysts, and let's tackle this hard nut that is ETH together!
