Is it time to buy at midnight or continue to lie down? Let me tell you what's going on with ETH right now.

Brothers and sisters, it's one o'clock in the morning, and I'm still watching the market, my eyes are almost turning into candlesticks. First, the conclusion: ETH is currently hovering around 4280, neither falling nor rising, like a programmer who is staying up late—dying of tiredness but too scared to sleep.

Why can't it fall?

The 1-hour RSI is only 29, almost matching the 'floor price' from the beginning of the year. If it drops further, it will be so oversold that even the roots of the leeks will be pulled out.

The position at 4275 just happens to be the breakthrough gap from the end of August, and the technical analysts treat it as a lifeline. The first time it retraced, it left a long lower shadow, indicating that big funds are 'catching falling knives'—although they are doing it cautiously, at least there has been a bit of bleeding.

The MACD green bars have started to shorten, and the bearish momentum is like a deflated cola, with the hissing sound getting smaller and smaller.

So why can't it rise?

The 4-hour moving average just crossed bearish, and the area around 4307-4317 has now become the 'ceiling.' Until it stabilizes, bulls are also afraid to speak up.

Funds are still slipping away, with nearly 900 million running away in two days. The market has no money, just like an internet cafe without electricity—no matter how high you try to get, it can only be a black screen.

The upper range of 4360-4400 is the cost zone for ETF institutions. They would love to smash some cheap goods, and they won't kindly help you pump up the price in the short term.

Opinion

For 4260-4280, the target is to first look at 4360, then touch 4400.

For those who want to short, the RSI is almost at 20. If it really breaks 4250, then reconsider, don't rush to give away your head.

In summary: ETH right now is just 'not falling much, not rising due to lack of money,' suitable for practicing Tai Chi—buy low, throw high, take it slow. Set your stop-loss, turn off your phone, do whatever you want. By tomorrow morning, you will either be counting money or have to cut losses, which is better than staying up late and losing hair.

Discipline first, emotions second, see you tomorrow morning! #ETH走势分析