August 29 Morning: $ETH market reversal is imminent, grasp these key points, wealth is within reach!

ETH bears dominate, short-term EMA7 crosses below long-term EMA30, the price is below it, EMA30 is the key resistance; candlestick closes lower, highs and lows are moving down, selling pressure remains. MACD double lines below the zero axis, bears are strong but there is a divergence at the bottom, downward momentum may decrease. Trading volume shrinks, the market is cautious, low volume may trigger a reversal. RSI is in the weak zone of 40 - 50, direction is unclear.

At the key levels, 4546 is the EMA30 resistance zone, breaking through triggers bear stop losses; 4516 is the intraday high and short-term resistance, breaking through could reverse the situation; 4484 is the balance point between bulls and bears; 4434 is the lifeline for bulls, breaking this level may lead to a drop towards 4400 - 4350.

In the short term, ETH bears are consolidating at the bottom, the price is near 4434, RSI is near oversold, there is a demand for a rebound, but if it breaks below 4434 with increased volume, it will accelerate the decline.

If tonight's Federal Reserve PCE data exceeds expectations (>2.9%), ETH may drop to 4400 - 4350; if the data meets or is below expectations, combined with RSI recovery, it may rebound to 4546.

Bitcoin profit wallet count hits a new high of #美国宏观经济数据上链 .

Let’s be clear, there are many opportunities in a bull market, but it’s also a survival competition, staying alive is the most important! It’s still time to pay attention to the top performers.