$ETH Evening Market Analysis is Here!
From the K-line trend analysis:
1. BOLL Indicator: The price is running between the middle and upper bands, indicating a strong short-term trend and showing that it is currently in an upward channel.
2. MACD Indicator: The fast line (DIF) and the slow line (DEA) are diverging upwards, and the histogram is above the zero line and gradually expanding, indicating that the bullish strength is continuously increasing, and market bullish sentiment is quite strong.
3. RSI Indicator: The value is around 60, in a strong zone but not reaching the overbought threshold, meaning there is still some room for the bulls.
From the news perspective, the current $ETH is about to face an upgrade, and this event will definitely be hyped in advance. Today, an Ethereum director also stated that the upgrade plan on the 7th is part of the planned schedule! So there will be strong breakout signs in the next few days!
However, from the perspective of US stock ETFs: Last week, the net inflow of ETFs was positive and had a high market value. If the US stock market opens high and then falls tonight, it is very likely to bring down the cryptocurrency market. Therefore, conservatives can wait for the US stock market to stabilize in the evening and choose to buy the dip!
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