Crypto friends! ETH plummeted from 4700 to 4452 last night, then violently pulled back to 4635. In the 1-hour chart, the KC middle track, moving averages, and MACD three lines are in a squeeze. Is this a "real counterattack" or a "trap for retail investors"? You'll understand it in a second!
Technical Core Signals
KC Channel: The current price is below the middle track of 4696; breaking through will aim for the upper track of 4779. If it falls below the lower track of 4612, the support at 4452 may face another attack.
Moving Average Game: The 7-day moving average at 4682 is about to golden cross the 30-day line at 4711, determining whether it’s a "trend reversal" or "continuation of decline".
MACD Anomaly: DIF is rapidly rising close to DEA, with a golden cross imminent, but weak volume hides potential risks!
Dark Horse Driven Surge / Plunge
On-chain Bottom Fishing: During the plunge, whales fiercely bought 120,000 ETH, a clear wash signal;
Cancun Upgrade: Layer 2 performance exceeded expectations and became a "powder keg" ready to explode at any time;
Macro Shift: Expectations for Fed interest rate cuts are rising, with capital accelerating back to crypto!
Today, 4696 is the lifeline for bulls and bears:
If it breaks and stabilizes, it aims for 4800, possibly challenging previous highs;
If it falls below, it looks down to 4300, with the rebound aborted!
If you don't follow the strategy closely now, when the market starts, you'll just be standing by! Click to follow, and I will monitor the signals in real-time, guiding you to accurately time ETH's rise and fall. If you miss this wave, the crypto world will play again!
