ETH surge countdown? $4300 life-and-death line technical analysis + news double explosion!
Recently, ETH has been consolidating around $4300, and many friends have privately asked: "Is this wave going up or down?" Today, I'm going to get straight to the point, analyzing directly from the technical and news perspectives, keeping it real without any fluff!
Hardcore technical analysis
First, let's look at the "lifeline" in the chart—support and resistance levels. The current price is $4300, just a step away from the key support level of $4271.
If we can hold $4271, a rebound could happen at any time; if it breaks down, then $4205's strong support becomes the "last line of defense." On the resistance side, $4352 is the "ghost gate," breaking through it is necessary to reverse the downward trend, and then up to $4428 is the "city in the sky," breaking that would signal the start of a new wave of increase.
On the trend line, the downward trend line is pressing on the price, but it has "held up" in the recent tests, indicating that the bulls are still "holding back their big moves."
The BOLL indicator's middle track is at $4287, the upper track is $4314, and the lower track is $4260. The current price is "swaying" near the middle track, which is a "neutral zone," but the space between the upper and lower tracks is not small, and fluctuations could "intensify" at any moment. The RSI indicator is around 45, neither overbought nor oversold, indicating that market sentiment has not "gone to extremes," but we need to keep an eye on it—if there's a volume breakout, and RSI goes up, it's a "bullish signal," but if it goes down, we need to be "cautious."
Hidden clues from the news
The recent buzz about "suspected data fraud in the U.S. Non-Farm Payroll" also needs mentioning.
If the data really has issues, the dollar index might "take a tumble," and cryptocurrencies like Bitcoin and ETH, which are considered "safe-haven assets," might instead "benefit."
To be honest: the news is at most a "catalyst," while the technicals are the "backbone."
These recommendations from me are based on a comprehensive judgment of technical and news aspects; friends should act according to their own risk tolerance, and not follow blindly.
Let’s keep it real—at this position of $4300, opportunities and risks coexist, but as long as you keep a close eye on the support and resistance levels, combined with the news, you can "sit firmly on the fishing platform."
Opportunities are fleeting, a pullback is imminent, and now's the time to buy the dip, with altcoins waiting for you to profit! Doubling your investment is not a dream; tap on the icon to follow me, and let’s join the bull market feast together!
