Every fluctuation in the 1-minute K-line represents a hidden battle of millions in funds! Hello everyone, I am Dasheng, and today I will guide you to understand the intraday trends of ETH from the most straightforward perspective!
Market Overview
ETH is currently fluctuating narrowly around 3610-3620, with the Bollinger Bands narrowing to the extreme. The MACD is showing the initial signs of a golden cross underwater, and the signal for a trend change is strong!
Key Support 3610: Fibonacci 50% level; a break below this may trigger panic selling.
Key Level 3620: A breakout may trigger a short-term rebound.
Volume Shrinking: Market sentiment is highly cautious, waiting for confirmation in multiple directions.
Impact of News
The Reserve Bank of India announced today that it will maintain interest rates, which, although it does not directly affect the crypto market, requires vigilance against potential fund movements caused by fluctuations in the USDT exchange rate. On-chain data shows that there are large whale addresses accumulating at low levels, and their subsequent movements are worth monitoring!
Dasheng's Personal View
$ETH is still in a fluctuating pattern in the short term, but a trend change is imminent! If 3610 holds, I won’t be bearish; if it breaks through 3640 with volume, it is likely to test the 3670 resistance level. It is recommended to closely monitor the market and wait for clear signals!
Market often erupts amid hesitation; will you choose to stand by or act decisively?” 关注大圣, next issue will help you analyze whale movements and capture trend change opportunities in advance! #加密股IPO季
