Explosive! ETH 1 Hour K-Line Hides Turbulence, Big Events Coming Next?
Family! The crypto battlefield is never short of excitement, and right now the ETH 1 Hour K-Line chart is simply a dramatic play of hidden currents!
On-chain data has already sounded the alarm. From the K-Line perspective, after a previous surge to 3941, it has significantly retreated and is currently fluctuating around 3777. In terms of moving averages, MA (7) has turned downwards, and MA (30) also shows signs of weakening, with the short-term bullish momentum being heavily suppressed.
As for the news? Recently, while there hasn't been a super heavy bombshell in the market, overall sentiment is cautious. This wave of ETH's decline has seen increased trading volume during the downtrend, indicating that funds are panic-selling. But! Don't panic and lose your footing!
From the trend prediction, it is highly likely that it will continue to oscillate at low levels in the short term, testing the strength of support below. However, once new positive news ignites sentiment, or if on-chain funds show signs of bottom-fishing, ETH could rebound at any time! After all, as the second brother in the crypto space, ETH's foundation is strong; the more volatile it is, the more enticing the opportunities!
Family! Want to catch the pulse of ETH at the first moment and follow precise strategies to profit? Hurry and follow me! I will keep a close eye on on-chain data and news trends, deciphering the trend codes at the first moment, leading you to surf accurately on the waves of the crypto market, enjoying profits! Don't hesitate, follow now, and let's carve a bloody path together in the next wave of market action!
