Crypto friends, I am Zhao Gongming! Two heavy signals are hitting the market simultaneously—one is that Wall Street is starting to shout 'money shortage', and the Federal Reserve may be forced to restart the money printing machine; the other is that ETH's one-hour candlestick has directly given a 'strong buy' signal! With these two messages combined, tonight's market is definitely going to be exciting. Follow Zhao Gongming for the first time to break down the signals and seize the trend's starting point!
The news has exploded: the Federal Reserve is going to 'ease'.
Early this morning, foreign media reported that Wall Street can no longer withstand the liquidity pressure at the end of the year, and the Federal Reserve's meeting this week is likely to hint at restarting bond purchases. Once the faucet is turned on, global assets will rise accordingly, and Bitcoin and Ethereum, as 'digital gold', will definitely be the first to benefit! Historical experience tells us that once the Federal Reserve eases, the crypto market will at least shake three times, and this time ETH is likely to take the lead!
Technical home run: strong control on the one-hour chart
Looking at the technicals again, ETH's one-hour candlestick has already stabilized at the key level of 3311. Although the MACD shows a slight dead cross trend, the white line is still supported above the 0 axis, indicating that the bulls are not backing down at all!
More importantly, the 5-hour and 1-hour indicators are both shouting 'strong buy', this is the strongest combination signal for short-term explosive power. The resistance level is at 3400, support holds steady at 3220, as long as it doesn't break this defense line, it's just a matter of time before it shoots up!
Coin friends, if Zhao Gongming's technical analysis has clarified your thoughts, don't forgetto follow Zhao Gongming to get first-hand news and entry points in the chat room!!
Zhao Gongming declares: tonight we must be bullish, a pullback is a great opportunity to get in!
Zhao Gongming has long said, don’t easily go short in a bull market, especially when encountering opportunities like the Federal Reserve easing + technical resonance. The current energy contraction of ETH is an illusion, it’s the calm before the storm, big funds are waiting for the Federal Reserve meeting results. Once Powell signals dovishness tonight, ETH will rush to 3400! In terms of operation, it is recommended to hold steady, and those who haven't entered should take advantage of the pullback to around 3250 to ambush, don’t hesitate when the trend comes.
If you don't know the specific entry timing and exit points, and for fans holding positions, you can follow Zhao Gongming, Zhao Gongming will announce daily coins and entry points as well as exit timing in the chat room! #ETH走势分析
