Hello everyone, I am Lao Niu, a seasoned player in the cryptocurrency circle for ten years. Today, let's talk about ETH's trend, summed up in one sentence: this ETH is just like a lazy donkey, it won't move when pushed, and it won't budge when pulled, just dawdling in place, making people very frustrated! Alright, without further ado, let's get straight to the point, I will use common language in the industry to analyze the nuances of this chart and share my unique insights to help you see the market clearly.
From this black background candlestick chart, ETH's current price is swaying at 4321.43, and it hasn't moved much overnight, as if the market is asleep. Why? Because ETH is trapped in a narrow range, with a 'ceiling' above and a 'floor' below, making it difficult to move in either direction. Specifically, the three lines of the Bollinger Bands (the yellow line is the upper band UB, the white line is the middle band, and the purple line is the lower band LB) are clear: the upper band is at 4322.76, the middle band at 4238.42, and the lower band at 4154.09. The price is just stuck near UB, barely poking its head out before being pushed back down — above 4300 is the 'pressure zone', and at 4349.67, there is a 'large sell order'. I can tell at a glance that it's a big player suppressing the price, meaning that the large holders are unwilling to let it rise, with a significant amount of sell orders placed there. The委比 shows -0.80%, which just indicates that the bears are slightly in control, right? Think about it, the market is currently shrinking (those green volume bars are short), indicating that traders are on the sidelines, and no one dares to lead a charge. The indicators are also confusing: the MACD histogram is shrinking like bean sprouts, and the KDJ is jumping around the 50-point mark, lacking clear direction — this is a typical sign of consolidation. As for support levels, the line at 4250 USD can be considered a short-term 'cushion'; if it truly breaks below this, the next significant bottom is around 4150, which is the 'iron bottom' of the Bollinger Bands' lower band — if it drops down to that level, it can stabilize.
In this market, it seems to me that it's purely a 'slacking off' rhythm. Why do I say this? First, there are no explosive points in the overall environment, and there's a lack of positive news; second, the trading volume is insufficient, the main players are inactive, and retail investors are just spinning around aimlessly. Experience tells me that at such times, the worst thing is to impulsively chase after trends. My view is: the likelihood of ETH moving sideways today is the greatest, so don't expect it to surge upwards. If you want to make a move, consider short-term trading with high selling and low buying, for example, placing a small short order near 4320 and a small long order around 4250, to take advantage of the price difference. Remember, you must set a stop-loss properly, don't risk your hard-earned money. But honestly, I prefer to wait for signals — if it breaks 4350, then look for long positions; if it breaks 4250, switch to short positions. Who knows, maybe the opening of the US stock market tonight will bring some momentum.#ETH突破4300 #Ethereum
Market trends are like water; calm is deep, while movement is turbulent. This ETH fellow, once a direction is chosen, the volatility can make retail investors scream and seasoned traders rejoice. Want to know when it will explode? Click follow, and don’t miss the chance to turn things around!
