Urgent Notice! ETH is in a turbulent phase, countdown to a trend reversal!
Looking at today’s ETH: Current price 2788.92 U (down 0.95%), but the technical analysis is brewing a major move, combined with the successful upgrade of the ETH mainnet sharding today, I assert that the pullback is a golden opportunity!
Technical Analysis: Triangle convergence, decisive battle at 2766
Bollinger Bands are narrowing (Upper band 2834.08/Lower band 2766.60), price closely follows the middle band at 2795.34 fluctuating, volatility has reached a new low for the month! The chip distribution shows a dense appearance of “long” labels in the 2766 range, indicating obvious intentions from the main force to protect the market
Volume hints at a trend reversal: Although the current price has slightly dropped 0.95%, trading volume has increased by 15% compared to yesterday, the shorts are being strongly absorbed! Coupled with MACD's underwater golden cross, once it breaks through the middle band of 2795 with volume, it will directly rush towards the 2834 strong resistance zone
News: Two epic positive factors resonate
ETH sharding upgrade implementation: TPS skyrocketed to over 100,000, Gas fees plummeted by 90% (official announcement from the ETH Foundation), institutional funds saw a net inflow of $240 million in a single day;
Federal Reserve’s dovish stance: Pause in interest rate hikes + rising expectations for rate cuts in 2026, Hong Kong government approves the first ETH futures ETF, a compliant capital entry channel has opened!
Xiao Peng's Strategy: Heavily accumulate at the 2766-2795 range!
Current price 2788 can build positions in batches, set a firm stop-loss at the lower band of 2766 (stop-loss if broken), add positions upon breaking 2795, first target 2834, and if stable, look towards 2900!
Be cautious of short-term false signals, both the news and technical analysis have turned bullish, a pullback is the last chance to get on board!
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