Emergency! ETH 1 Hour K-Line Hides Key Signals, Trend is About to Change Dramatically!
Family in the crypto world! I just analyzed the latest ETH 1 Hour K-Line chart, combined with on-chain data and news, and found that something big is about to happen!
First, let's look at the K-Line. The price surged to 3865.64 and then retreated, currently closing at 3806.78, within the Bollinger Bands, with the upper band (3882.12) and lower band (3589.28) forming a range. In terms of trading volume, although there was a surge in volume during the rise, it has since decreased, indicating weakened buying momentum. In the MACD, the DIF (50.01) and DEA (41.05) are still at high levels, but the red bars are shortening, suggesting that bullish momentum is leaking.
On-chain data shows unusual activity in large transfers, with some whales quietly selling during the rise, which is a dangerous signal! Although there are no extreme black swan events in the news, the overall market sentiment is cautious due to recent volatility, with movements in US tech stocks and regulatory concerns brewing beneath the surface.
My judgment: In the short term, ETH is very likely to pull back and test support! The upper Bollinger band at 3882 is a strong resistance, while below we first look at MA10 (36798.1850? No, the value should be 3679.8185), and the middle Bollinger band support. If it breaks, the 3589 lower band will need to be tested! However, in the medium to long term, ETH's fundamentals remain strong; as long as it stabilizes, there is still upward potential after the adjustment!
Family! If you want to accurately catch ETH swings and avoid big pullback pitfalls, hurry up and follow me! I will keep an eye on the on-chain data, interpret the news, provide strategies, and guide you through the bloody storms of the crypto world! Don’t blame me for not reminding you if you miss key signals and get trapped; quickly hit follow, stay in rhythm, and let's grasp the ETH trend together!
