Analysis of the recent market trend for $ETH , and what to do next
Attention all! ETH is currently forming a dense zone of chip peaks around 1800, where both bulls and bears are engaged in a tug-of-war.
This narrow box-like fluctuation is like a pressure cooker, which may trigger a directional breakout at any moment.
Three consecutive bullish candles seem impressive, but the trading volume has shrunk like a deflated balloon.
Although the EMA moving averages are in a bullish arrangement, the MACD momentum bars are shrinking at an unusual rate, and the KDJ indicator has shown early signs of a high-position death cross.
More critically, the 1800 position has recently become a battleground for bulls and bears three times in the past three months, with each breakout accompanied by huge stop-loss volumes.
Two key signals to watch: if it holds above 1840 for three consecutive days, it may trigger a short-squeeze from stop-loss orders; but if it falls below 1720, the massive whale cost zone around 1700 will be exposed. Those shouting "breakthrough of previous highs", don't forget that brothers who were trapped at 1850 in April are still on guard.
The main players are waiting for you to get on board. In this market, it's better to miss out than to make a wrong move!
Are you stuck? When to buy the dip? Still the same saying, if you are confused and don't know what to do, click on the avatar to comment. I need fans and you need references.
