ETH Bullish Tonight (Referencing Uncle Feng's Viewpoint): Streamlined Analysis and Practical Strategies
In the short-term volatility of the crypto market, following a clear trend and managing risks well makes it easier to seize opportunities. Combining Uncle Feng's bullish logic, we break down the evening market from core dimensions:
1. Technical Analysis: Clear Bullish Signals, Focus on Support
• The mid-term ascending channel in the four-hour chart is intact, stabilizing after a pullback to $4300; the hourly line breaks through $4450, forming a 'Bullish Engulfing' pattern, with MACD golden cross and red bars increasing, indicating short-term momentum.
• Key focus on the $4350-$4400 support zone: a pullback with decreasing volume stabilizing serves as a buy signal, while a break below necessitates caution for a short-term correction.
2. Fundamental Analysis: Two Major Supports
1. ETF + Institutional Support: The scale of the spot ETH ETF has reached $19 billion, with BlackRock and others continuously increasing their holdings; Standard Chartered has raised its target price to $7500, showing significant long-term supply pressure.
2. Macroeconomic Favorability: The probability of a Fed rate cut in September exceeds 90%; historically, easing cycles often drive ETH to rise significantly, and the current environment shows similarities. Uncle Feng sees a buy near $4580, targeting the range of $4660−4750.
However, the crypto market is ever-changing, so it is crucial to manage risk properly when operating and set reasonable stop-losses.
