ETH Observation

4300 stagnant sideways movement, what exactly are we waiting for?

First, let's look at the moving averages, EMA7 and EMA30 are currently less than $3 apart, sticking closely together, a typical case of "analysis paralysis". Veteran players know a saying: the stickier the moving averages, the more exciting it gets afterward. At this moment, both bulls and bears are busy, secretly saving their big moves, just waiting for an opportunity to break the deadlock. Betting blindly now is no different from guessing high or low with your eyes closed.

Next, the MACD just gave a golden cross signal, looking like a "good news"? But if you look closely at the red bar, it's only 2.69, weak as a match just lit; a gust of wind could extinguish it—definitely a "weak bull momentum". Don't expect this signal to propel the market skyward; the current bulls simply lack the strength to push prices up, and blindly chasing longs is likely to get caught.

The RSI is even more interesting, with all three lines squeezed within 2 points around 50, neither hitting the overbought threshold nor touching the oversold bottom line, equivalent to sitting in the "couch potato VIP section", with a complete lack of direction. During such times, the market is very likely to oscillate within a narrow range; don’t think about catching any major trend, it's much better to focus on trading within the range.

Another noteworthy point is that the trading volume has suddenly increased, 20% higher than the recent average, but the price remains motionless, moving sideways. This is unusual—volume increases without price rising, the big players must be up to something. Either they are redistributing positions or quietly accumulating, it’s unclear what their intentions are for now, but one thing is certain: beneath the calm surface of the lake, there may be "sharks", and significant fluctuations could follow.

Short-term view around 4330-4320, aiming first for around 4270-4240.

Adjust strategy if breaking 4340.

Remember, after entering the market, be sure to set a stop-loss and manage risk well to stay steady during the upcoming "exciting market". #ETH走势分析