ETH Market News (Current Price: Around 2769)
Ethereum (ETH) skyrocketed to 2879 last night before plummeting to 2742, currently priced at 2769, resembling a rollercoaster ride! The candlestick chart shows a bit of "take-off and then brake," with bulls and bears entangled between 2879 and 2742. The market seems to be holding back a big move, and we can expect whether it will continue to dip or rebound upwards!
Key Areas:
Upward Resistance: 2879 (Last Night's Peak).
Downward Support: 2742 (Low Point Confidence).
Trend Observation:
Four Hours: Price has fallen back from 2879, volume is slightly declining, as if taking a breath.
One Hour: A fierce battle between bulls and bears around 2769, breaking above 2879 or dropping below 2742 will reveal vulnerabilities.
Real-time Dynamics:
ETH surged high and then fell back last night, with weakening volume, and the market is a bit hesitant. On-chain trading volume is rising, but confidence is lacking. Tonight's opening of the US market or policy news could be a turning point.
Trend Speculation:
If it breaks below 2742 again, it may head straight for the 2700 mark; if it rebounds above 2879, 2900 is just around the corner! In the short term, it still needs to grind!
Outlook:
Current price at 2769, the bullish foundation is still there, and in the short term, it will oscillate between 2742-2879. A drop below 2742 or a test of 2700, or a breakout above 2879 could push to 2900-3000, requiring significant news or volume support.
