The Truth Behind ETH's Soaring Last Night is Revealed! Can We Still Chase It Today? Senior Analyst Urgently Reminds of These Two Key Levels
1. News-Driven:
Although there is no explicit news, it is highly likely that institutional large funds have positioned themselves in advance. On-chain data indicates that the estimated trading volume has surged to 1.25 million, which is 30% higher than usual, clearly indicating that the main players are taking action!
2. Technical Confirmation:
Key Breakthrough: The price has surged past the critical resistance level of 199.5, which is an important signal for the bulls!
Indicator Resonance: MACD golden cross with an expanding red histogram, Bollinger Bands opening upwards.
Volume Coordination: The trading volume suddenly spiked, not a false breakout!
3. Today's Operational Focus:
Resistance Level to Watch: 210: There is significant resistance above at 210-211; if it can't break through, a short-term pullback may occur.
Support Level to Monitor: 193: As long as it doesn’t drop below 193, the trend hasn’t worsened.
Short-Term Strategy: Don’t chase highs! Wait for a pullback to the 196-193 range to gradually position, stop loss below 193.
Personal Opinion:
This surge is not just blind speculation; it is the result of technical and funding resonance. However, the crypto market changes swiftly, so be sure to watch the 210 resistance level today! If there is a high pullback, it may drop to around 193 for a shakeout. Hold your positions steady, and don't get shaken out!
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