$ETH is currently stuck between 4541 and 4599, with pressure from both sides!
Looking at the 30-minute chart, the price seems to be stuck in the middle, the indicators are moving up but lack strength, and the trading volume is getting smaller. Large funds are still watching from the sidelines without taking action. Currently, it's repeatedly testing around 4570, with 4794 above acting like a wall and 4530 below being the last line of defense for the bulls.
Short-term: This range is suitable for making price differences back and forth, high selling and low buying between 4540 and 4599, like casting a net to catch fish.
Medium to long-term: Don't rush in, wait for the trading volume to significantly increase before considering entry. A breakout above 4600 can be tried with a light position.
Be cautious tonight as the Federal Reserve is meeting; the market may suddenly become volatile!
Previously, at the end of July, ETH also consolidated around 4500 for 5 days, and then one big green candle shot it directly to 4800. Will this happen again?
Bitcoin has broken its historical high, and ETH has reached a new high this year! Tonight I will make further arrangements internally! I have already gone all in. There are still 15 slots available internally, sign up directly!!!
