On the morning of September 25, the ETH market showed a complex situation under the combined effects of technical and news factors, and investors need to closely monitor the dynamics of various factors to grasp the market direction.
From a technical perspective, the daily chart of the ETH/USDT perpetual contract shows a clear downward trend. The price temporarily found support near $4060 after breaking through several key support levels, but it remains in a downward channel overall. The moving average system is in a bearish arrangement, indicating that the bearish forces in the market are dominant. In terms of the BOLL indicator, the price is running close to the lower band, with the opening continuing to widen, indicating increased market volatility and ongoing downside risks. In the MACD indicator, the DIF line and DEA line are below the zero axis, with green bars continuously released, further confirming the strong bearish momentum. However, it is worth noting that during the price decline, the trading volume did not show extreme shrinkage, indicating that there is still a certain level of trading activity in the market, but it also suggests that buying power has not yet effectively gathered.
In terms of news, the global cryptocurrency market is influenced by both macroeconomic conditions and industry policies. On the macroeconomic level, expectations for adjustments in monetary policies of major economies are constantly changing, which directly affects market liquidity and risk appetite, thereby impacting ETH prices. Within the industry, the development of the Ethereum ecosystem is receiving considerable attention. New technological upgrades, application launches, and staking conditions may all alter the supply-demand pattern of ETH. However, the uncertainty of regulatory policies remains a significant concern for the market and may suppress ETH prices.
The ETH morning market faces dual challenges of technical pressure and uncertainty from news. In the short term, prices may continue to maintain a weak volatility pattern. Investors should closely monitor the price performance at key support and resistance levels, as well as changes in trading volume and technical indicators, while keeping an eye on macroeconomic data and industry policy dynamics, reasonably controlling risks and making cautious investment decisions.