ETH today's market: Consolidating power, waiting for a trend change! 'As long as it is wide horizontally and high vertically, ETH is 'holding back a big move' in the Bollinger Bands!'
Dear crypto friends, I am Anna, and today we will analyze the ETH market. From the 1-hour candlestick chart, ETH/USDT is currently fluctuating around 2442, with the upper Bollinger Band at 2481, the lower band at 2158, and the middle band at 2218. This is a typical 'triangle convergence' pattern, indicating a fierce battle between bulls and bears in the market. Although the MACD is still below the zero line, the histogram is narrowing, and there are signs of a golden cross between DIF and DEA, suggesting that bearish strength is weakening, and a trend change may be imminent!
News: Trump's 'rhetoric' disturbs the market?
Early this morning, the market suddenly reported that 'Trump announced a ceasefire agreement between Israel and Iran,' causing short-term fluctuations in ETH. However, after verification, authoritative media such as the White House and Reuters have not confirmed this, and it is likely a market misinterpretation or a smokescreen released by market makers. However, easing geopolitical tensions theoretically would lower market risk aversion, and if subsequent news is confirmed, it could be favorable for risk assets including ETH.
Additionally, today is worth paying attention to:
Federal Reserve officials speak: Several FOMC voting members will speak tonight, and if they release signals of a rate cut, ETH may break through.
ETH spot ETF progress: Although the SEC has not yet given final approval, the market is already betting that once approved, ETH may usher in a 'frenzied bull market'!
Technical aspect: Key positions are being closely monitored!
Upper pressure point at 2481; if it can break out and stabilize with volume, the target is directly at 2550!
Lower support at 2391; if it breaks below, it may test the psychological level of 2270.
The MACD is about to golden cross; if the DIF crosses above the DEA, combined with increased volume, it would be the best signal to go long!
Anna's viewpoint:
Short-term 1-3 days: ETH is likely to continue oscillating, but the probability of a breakthrough is greater than that of a sharp decline, as market liquidity is warming up, and on-chain data shows that whales are quietly accumulating.
Mid-term 1-2 weeks: If it stabilizes above 2500, ETH may start a new round of upward movement, targeting 2600! However, if the Federal Reserve raises hawkish interest rate expectations, it may pull back to 2200.
Anna's bloody experience:
In August 2023, ETH also experienced a long period of sideways movement, and then with the positive stimulus of the 'Shanghai upgrade,' it broke through 2000 in one go, with a monthly increase of over 50%! Will history repeat itself this time? The key lies in two points:
Macroeconomic policy by the Federal Reserve
ETH ecosystem Layer 2, DeFi revival
Operational strategy: How to respond?
Spot players: Accumulate on dips, 2150-2200 is the ideal accumulation range, stop loss below 2000.
Contract players: A breakthrough above 2481 could allow for light buying, stop loss at 2460; breaking below 2400 could lead to a short position, targeting 2350.
Long-term HODL: Ignore short-term fluctuations, expectations for ETH 2.0 + ETF are still there, hold firm and don't get shaken out!
“The market is born out of despair, rises in hesitation, and dies in madness—what stage are you in right now?”
Friends, do you think this time ETH is a real breakthrough or a false rally? Feel free to leave your thoughts in the comments, and the top three comments with likes will receive a copy of (ETH investment strategy for the second half of the year) from Anna!
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