Brothers, this ETH is really in a tangled situation right now!
The price is stuck around $4280, facing pressure above and significant buy orders below. Both bulls and bears are waiting for Powell's speech at 10 PM tonight—this could change everything today.
From the market perspective, ETH is currently in an awkward position of having 'resistance above and support below.' The upper resistance at 4350 has many people waiting to sell, and moving up to 4460 is a heavier pressure zone, making it difficult to break through without major good news.
On the downside, 4265 is a key short-term support; if it breaks, sentiment could easily collapse. But don't panic! There are large buy orders around 4067 providing a bottom support, indicating that big funds are quietly stepping in, not wanting the price to drop too much.
Why is it so quiet today? The trading volume is low and the order ratio is slightly negative, indicating that everyone is waiting and watching.
The real barometer is not in the candlesticks, but in the news—tonight at 22:00, Fed Chairman Powell's speech at the Jackson Hole annual meeting is the main event!
If he signals a dovish stance (hinting at possible future rate cuts), market sentiment will likely soar, and ETH may break through 4350, challenging 4460;
But if he takes a hawkish stance (emphasizing inflation control and no rate cuts), the market may face downward pressure, and we will have to see if 4265 holds or if we test the strength of the support at 4067.
My personal view is very clear: don’t heavily bet on direction before the news! A truly prudent trader doesn’t predict the market; they wait for the market to reveal its direction before following.
As I previously mentioned in the community: 'Better to miss the fish head than to misjudge the fish body.'
After tonight, the real moment to act will come.
If you are also tired of blindly chasing highs and cutting losses and want to get my real-time interpretations and strategies immediately, feel free to follow my channel.
关注缠敛主页简洁介绍 Let’s wait for the wind together tonight! The market is about to explode, don’t tackle it alone; teamwork is the way to go.
