Intra-day surge and plunge, ETH staged a 'bull-bear strangulation battle'
Today, ETH violently surged to 4736.82 USD but suddenly encountered a bearish 'air raid'—the 15-minute candlestick continuously broke out large bearish candlesticks, with price plunging straight to 4616 USD, intra-day volatility exceeding 2%! Behind this 'surge and drop', the short-term pullback alarm has officially sounded, while the medium-term trend is caught in a 'life-and-death game'.
Short-term: 15-minute candlestick reveals 'pullback flaw'
Open the 15-minute chart, the Bollinger Bands indicator directly 'betrayed' ETH:
- Price violently breaks below the Bollinger middle band (4681.17 USD), diving into the 'weak range' between the middle and lower bands (4635.26 USD);
- Continuous bearish candlesticks dominate the market, bullish support is on the verge of 'collapse', and the small bullish candlestick looks more like a 'dying struggle'.
If it cannot quickly recover the Bollinger middle band, the pullback is highly likely to extend towards the 4600 USD integer level (psychological support + previous consolidation zone dual buff).
Medium-term: 1-hour Bollinger Bands hide a 'lifeline'
Switch to 1-hour cycle, ETH still holds a glimmer of 'turnaround hope':
- Currently holding the Bollinger middle band (4638.24 USD), and the middle band + lower band (4562.54 USD) is in an 'upward diverging' shape, indicating that the medium-term upward trend has not completely collapsed;
- However, the continuous bearish candlesticks have revealed 'bullish exhaustion', if it effectively falls below 4638 USD, the pullback will directly challenge 4562 USD (lower band support); if it holds the middle band, the rebound aims for the 4700 USD resistance level.
Ultimate showdown between bulls and bears: Keep a close eye on these two price levels!
The current trend of ETH can be summarized as: Short-term pullback is a foregone conclusion, medium-term looks like a 'lifeline defense battle'—
- Bullish counterattack signal: reclaiming 4700 USD and stabilizing confirms strong continuation, aiming for previous highs;
- Bearish breakout signal: losing 4638 USD, the pullback trend strengthens, looking down to 4560 USD.
Operation Strategy: Follow the signal 'Lay Down to Win' or 'Avoid Risks'
Now blindly chasing longs/bottom fishing = 'sending heads', teaching you precise responses:
- Short-term players: closely watch the 4600–4638 range, if a 'long lower shadow + volume rebound' appears, lightly position for a rebound.
- For medium-term holders: reduce positions near 4700 to lock in profits, gradually buy back in the 4600–4560 range;
- Watchers: Wait for a clear signal of 'breaking 4700' or 'falling below 4600' before entering the market!
The bull-bear showdown of ETH has entered the 'heated stage', whether the short-term pullback is a 'golden pit' or a 'starting point for decline' depends entirely on the outcome of the battle for 4638 and 4700! It is recommended to closely monitor the Bollinger Bands indicator and keep up with the trend rhythm to steadily profit amidst volatility~
