Market always erupts in silence and grows in doubt—tonight's ETH is building strength, preparing to charge towards 4700 USD.
Today, ETH has been oscillating upwards between 4560-4630 USD, with lower support gradually rising. This trend indicates that the bulls are quietly building strength, while bearish pressure is gradually weakening.
1. Technical aspects hold hidden mysteries: the bulls have quietly stacked armor.
Don't be fooled by the price moving slowly now; the oscillating pattern on the 4-hour chart is actually a buildup before the storm. Shrinking trading volume is not a bad thing; it indicates that the market is consolidating direction—just like when you clench your fist, no one knows if the next punch will be a straight or a hook.
RSI is flat in the 40-50 range, the moving average system is in a bearish arrangement, but a bullish engulfing pattern has emerged, and the price is still firmly above the moving average. This is like a low-health hero in a game suddenly activating invincibility; it seems dangerous on the surface but may actually be waiting for a skill cooldown.
2. Institutional real money voting: Is 4700 USD not a dream?
The market is most afraid of saying no while the body is very honest. Recently, Ethereum ETFs have seen a net inflow of 455 million USD for four consecutive days, and the strength of institutional voting with their feet is more persuasive than analysts shouting their lungs out. More critically, the ABCD harmonic structure on the 4-hour chart has taken shape—when the price breaks through the 50-day moving average at 4388 USD, that bullish engulfing candlestick is like a 'get out of jail free card' raised by the bulls, announcing the exhaustion of bearish momentum.
Old Zhao's viewpoint: Institutional capital inflow + technical pattern resonance, the probability of breaking through 4690 tonight exceeds 65%. But don't rush to go all in! The nature of the crypto market is: the more consistent the expectations, the easier it is to get pinned and washed out.
Trading strategy: Two-step entry method
Radical faction (enter at current price of 4590)
Long position entry: Build positions in batches in the range of 4590-4610, target 4700.
Strictly maintain stop loss at 4550: Prevent pinning and washing out, safety first!
Stable faction
After the US stock market opens at 21:30, if NVIDIA's earnings report exceeds expectations, ETH will rise with tech stocks, and the probability of breaking through 4700 will increase significantly!
Replenishment point: Add positions when it stabilizes after pulling back to 4550-4580, or follow the trend after a breakout above 4630.
If you are unsure about the specific entry point,follow Old Zhao's homepage, I will provide one-on-one reminders to friends who have followed me in the village 24 hours a day.
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