The deep interpretation of the ETH hourly candlestick chart is here! As a top trader who has been in the crypto world for many years, I must stand up today to share my firm opinion: ETH is about to experience a surge, hold on tight and don't fall behind!
On the technical side: The Bollinger Bands are trending downward, and the price is being suppressed by the middle band. This seems to favor the bears, but looking closely at the MACD indicator, bearish strength is weakening. Although there hasn't been a reversal, the downward momentum is waning. This is a typical "darkness before dawn," with the bears exhausting their strength and the bulls preparing to take action!
On-chain data: Currently, the activity level is average, with no significant capital movements, but this is actually a good thing, indicating that market sentiment is calm without excessive panic, and the bottom area is solidifying. There are no major positive news developments at the moment, but don't forget, in the world of cryptocurrency, calmness is often followed by explosive movements.
My personal judgment: After a rebound from a low of 3064.81, the price has pulled back. I firmly believe this is the main force washing out positions and accumulating! The technical analysis, on-chain data, and news seem bland, but based on my experience, this is precisely the period of energy accumulation before an upward movement. I have accurately predicted the ETH trend multiple times before, and I won't be wrong this time! I am excited and full of confidence because all signs point to: ETH is about to break through resistance and enter an upward mode!
Fans, don't hesitate any longer! If you trust my analytical skills, then hold firmly with me. The market always rewards those who are patient and insightful. Hold your ETH tight, and let's look forward to this surge together! Tell me your thoughts in the comments, like and share to let more people witness our victory!
