$ETH
Technical indicator analysis
Key support and resistance levels: According to historical data, ETH's support and resistance levels are constantly changing. For example, the recent support level is in the 2600-2620 range, and the resistance level is in the 2780-2820 range1. These key levels may affect short-term price fluctuations.
Technical indicator signal: The 4-hour MACD shows a red kinetic energy column with a shrinking volume, suggesting that the upward momentum is weakening. It is necessary to pay attention to the support strength of the 2700 integer mark. If it fails, it may fall back to 26201.
Market dynamics and news
On-chain data: The ETH inventory of exchanges has dropped to a new low in 18 months, and the perpetual contract funding rate has turned negative, suggesting that there may be a short-term correction demand1.
Market sentiment: The overall cryptocurrency market has fluctuated greatly recently, and the ETH on-chain transaction volume has plummeted by 42%, and the market sentiment is relatively cautious1.
Linkage and external factors
Bitcoin linkage: There is a certain linkage between ETH and Bitcoin, and the price trend of Bitcoin may affect ETH. Bitcoin is currently in a direction decision window1.
Macroeconomic factors: Macroeconomic events such as speeches by Fed officials and the release of US PPI data may trigger market fluctuations and affect the price of cryptocurrencies1.
Risk warning
The cryptocurrency market is highly volatile, and prices are affected by many factors, making it difficult to accurately predict short-term rises and falls.
Investors are advised to pay close attention to market dynamics, reasonably control positions, and strictly stop losses to cope with potential risks.
In summary, there is uncertainty about the rise and fall of ETH in the next two days. Technical indicators show that the upward momentum is weakening, market sentiment is cautious, and macroeconomic events may bring fluctuations. Investors should operate with caution and pay attention to key support and resistance levels, as well as changes in market dynamics and news.
