Breaking News! New Zealand data releases unexpectedly, and ETH is about to surge! Retail investors, don't get scammed!
"News headlines are driving the market, but technicals are holding potential dangers—today's ETH is either an opportunity or a trap!"
News: New Zealand data is unexpectedly positive, stirring up undercurrents in the crypto market.
Early this morning, New Zealand released its second-quarter retail sales data, showing a quarterly growth rate of 0.5% and an annual growth rate of 2.3%. While the quarterly rate fell short of expectations, the annual rate significantly exceeded expectations, leading the data to be labeled "bullish for gold, silver, and crude oil."
Impact on the crypto market?
The better-than-expected retail data demonstrates the resilience of the New Zealand economy, potentially delaying global interest rate cut expectations and putting short-term pressure on the US dollar.
Expectations of capital flows to "risk assets" are growing, and mainstream cryptocurrencies like ETH may benefit from the rebound in market risk appetite.
But beware! While the data is positive for "gold, silver, and crude oil," the crypto market may react with lag, requiring technical analysis to confirm the direction.
2. Technical Analysis: Key Signals on the ETH 1-Hour Chart
According to the user-provided candlestick chart:
The resistance level is 4955, and the support level is 4060. The current price is in the middle, with a fierce battle between bulls and bears.
The MACD indicator shows that the DIF and DEA are converging, suggesting a possible short-term market reversal.
Trading volume has recently shrunk, indicating a wait-and-see attitude in the market, awaiting a breakout signal.
Today's Key Points:
A break above 4955 could trigger a new uptrend, with a target of 5200.
A break below 4060 should alert for a rapid pullback to around 3800.
3. Personal Opinion: Be wary of a market reversal; be cautious about buying high and selling low.
The New Zealand data is indirectly positive for the crypto market, but ETH's own technicals have yet to establish a clear direction.
Captain's Advice for Retail Investors:
Avoid holding a large position before a break above resistance levels; be wary of false breakouts.
Watch the US stock market opening tonight. If the Nasdaq strengthens, ETH may rise in tandem. Don't be fooled by short-term fluctuations. ETH has recently been linked to the US stock market, so pay close attention to the sentiment surrounding the opening bell.
Is today's ETH a trap or an opportunity? The answer lies in the next two-hour candlestick chart! If you don't want to miss out on key signals, click to follow us for a detailed market reversal strategy at 8 PM tonight! #ETH创历史新高 #美联储降息预期 #加密概念美股普涨
