Based on Binance USDT perpetual contract ETH/USDT 45-minute candlestick data, we observe the following technical signals:

From a technical indicator perspective, the RSI has broken below the 50 midpoint, indicating increased short-term downward pressure. The price has rebounded from the upper Bollinger Band and moved downward, crossing the middle band, forming a typical sell signal. The KDJ indicator shows signs of divergence, with a clear downward force; the OBV indicator has crossed below the moving average line, also indicating increased selling pressure. At the same time, trading volume has surged by 537.90%, far exceeding the average volume of the recent 10 periods, indicating a growing panic sell-off. The 10-day and 20-day average volumes have risen by 141.80% and 102.13% respectively, showing that short- and medium-term trading is unusually active. The candlestick patterns and moving average system have shown a Evening Star and a Belt Hold pattern, reflecting that a bearish reversal may occur at the top. Although the short-term moving averages (MA5, MA10, MA20) are in a bullish arrangement, the current price is facing resistance near MA20; the medium-term MA50 has formed certain support.

In the long term, the price still remains above EMA120, indicating that the ultra-long-term upward trend remains unchanged, but the TD Sequential indicator is currently in the bearish Setup phase (8/9), suggesting that a price reversal signal may occur in the short term.

In summary of event reviews, macro factors, and technical analysis, the ETH market will still be in a high volatility state in the short term. Future trends need to focus on the following aspects:

The price of 4871 as an important support level is worth paying close attention to; if it breaks down, it may trigger further chain liquidations. At the same time, the price is facing significant resistance near MA20. The uncertainty of macro policies and the risks brought by high-leverage trading remind us to guard against further deterioration of market sentiment. Investors should remain cautious during market adjustments and prioritize risk control. Despite a sudden drop in the short term, ETH still maintains an ultra-long-term upward trend from a long-term perspective. Medium- and long-term investors may consider positioning during the pullback process, while short-term traders need to closely monitor technical indicators and unusual changes in trading volume to guard against further volatility risks.

Overall, ETH is currently at the crossroads of macro gaming and technical reversal. In the face of severe market fluctuations, rational operations and effective risk control measures will be key for investors to cope with market volatility. $ETH #ETH创历史新高 $BTC #美联储降息预期