Family, who understands? Staying up late at night, Brother Yang is here to talk about the short-term ETH market!
First, let's look at the 4-hour chart. The RSI has wandered from the overbought zone to the neutral zone (50 - 60), and the previous divergence risk has also been resolved. Some short-term selling pressure has been released. However, we need to keep a close eye on the trading volume; if it keeps shrinking, it's like a car running out of gas, and the price won't be able to rise. Now, let's take a look at the MACD; the histogram's negative value is narrowing, and the fast and slow lines are about to cross positively. This is the rhythm of bullish strength rising!
Now, let's talk about the capital flow. The net inflow from exchanges is still negative, with a net outflow of over 170,000 ETH recently. It seems everyone is increasing their long-term holdings. Moreover, whale wallets are quietly accumulating ETH. Is something big about to happen?
Brother Yang suggests that if there's a pullback around 3650 - 3680, you can take action. The target is aimed at around 3710 - 3760. However, this market changes faster than a facial expression, and the volatility is huge. Everyone should be cautious, don't act impulsively! #ETH大涨