Is it a shakeout or a real downturn? $ETH The movement of the whale address reveals the truth: Is the ETH selling pressure nearing its end?
Today’s ETH is like a brief calm before the storm, the candlestick has shrunk to the size of a weaving thread, seemingly peaceful on the surface, but in reality, there are undercurrents, and a decisive battle for the short-term direction between bulls and bears is about to come.
1. Latest technical analysis!
1. MA moving averages: The 10-day line (3924) and the 9-day line (3953) are providing short-term support; the 30-day line (3975) is the resistance above.
2. Trading volume: It reveals the market's uncertainty: the actual trading volume is only 17,400 hands, which is more than 85% less than the 5-day average volume (122,300 hands).
3. MACD: The internal momentum remains bearish: the DIF line (29.91) is below the DEA line (42.09), and the histogram is -24.37, indicating that the short-term downtrend has not been reversed.
2. Combining news and on-chain data: The game during the quiet period.
1. News: The market is in a news vacuum, with focus on the Federal Reserve's policy expectations, and the final decision on the ETH spot ETF is approaching, intensifying the wait-and-see sentiment.
2. On-chain data: The flow of whale addresses into exchanges shows no abnormalities, large-scale selling pressure has paused, but the growth of new addresses is slow, indicating insufficient motivation for new funds to enter, confirming the characteristics of reduced trading volume.
The market is never short of opportunities, only patience ---
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