When the Bollinger Bands narrow to the extreme, it is either the calm before the storm or the countdown before a rocket launch! — Right now, ETH's 30-minute chart is playing out this classic scenario.

【Market Overview】

Technical signals:

The Bollinger Bands have narrowed to the extreme (Upper Band 4652.92 / Middle Band 4631.99 / Lower Band 4611.06), the price has been "weaving" in the 4621-4634 range for a full 30 minutes, the MACD yellow and white lines (DIF 9.33 / DEA 10.48) are "dancing closely" below the zero axis, although the green bars have popped up, the volume continues to shrink (5-day average volume 58,688 vs 10-day average volume 65,363), a typical "calm before the storm". Key levels to watch: 4690 is the previous high resistance, 4640 is the dividing line between bulls and bears, and 4570 is the stop-loss red line. The current price is "playing dead" near the 4631 middle band, just waiting for the main force to choose a direction.

News catalysts:

U.S. economic data has just dropped a "shock bomb":

Retail sales month-on-month 0.6% > expected 0.5% (strong consumption → inflation pressure) New York Fed manufacturing index 5.5 > expected 0 (risk of economic overheating)

However, ETH has shown an "anti-dip" property, only slightly dropping 0.3% after the data release, indicating that funds' expectations for the September ETH 2.0 upgrade are providing support.

【Daxing's View】

Overall bullish:

If it drops to around 4610, a small position can be tried for a long, with targets at 4660-4690, stop-loss at 4580-4570.

If it breaks below 4570, I do not recommend building a position, but if you must, a small position can be tried for a short around 4550-4520, with a stop-loss at 4600.

Will tonight's Federal Reserve officials' speech be the trigger for the breakthrough of $ETH ?"

At 21:30, focus on dovish signals; if a "bad news has all been released" trend appears, it may replicate the surge script of August 5.

If likes exceed a thousand, tonight at 8 PM in the fan group I will teach you how to see through the main force's "line drawing technique" hand in hand!

While others are crying and losing, our fans are steadily making money with me, enjoying big gains, this sense of achievement is simply overwhelming! If you want to earn big together, hurry up and join us!

Remember! The market is not wrong; we are! I am Daxing,

A top-notch layout team, only serving ambitious individuals with a vision among the lunatics! #加密市场回调