ETH Today's Trend / The Last Calm Before the ETH Storm! Must Watch Before the 8.7 Tariff Takes Effect!
1. Current Status:
ETH is currently like a "lying flat youth", fluctuating between $3430 and $3545 on the hourly chart, with neither significant rises nor falls, typical of a "waiting for news" consolidation market.
At 1 a.m., data from the past 7 days was released for ETH.
2. Key Signals:
Moving Average Pressure: The purple MA7 and green MA25 act like two mountains pressing down, with the price unable to break through 3625, indicating that the bulls are currently quite timid.
Fibonacci Key Levels: The 0.5 level at 3628 is today’s dividing line between bulls and bears; if it can't break above, support will need to be found below.
3. News Impact:
Bearish Warning: The right side indicates the 8.7 U.S. tariff, with large funds fearing policy risks; in the past 7 days, 640,000 ETH have been sold off, and short-term selling pressure remains.
Bullish Undercurrent: The large net outflow of ETH from CEX indicates that big players may be hoarding coins, which isn't necessarily a bad thing in the long run.
4. Shenlong's Operation Suggestions:
Short-term: 3625-3630 is today’s resistance zone; if it can't break through, observe the market. If it falls below 3600, it may quickly probe down to 3568.
Medium to Long-term: If it drops to around 3495, it might be an opportunity to accumulate in batches, but don’t go in heavy; wait for the tariff news to be finalized.
Shenlong's Summary: ETH is essentially a "news market" today, with technical aspects being suppressed. Those trading short-term should watch more and act less, waiting for a breakthrough at 3628 before engaging.
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