Is ETH about to crash? Or is it the final washout by the main players? The four-hour level tells you the truth!!
Many people have asked me in the past two days: Is ETH about to enter a major correction?
I'll go straight to the chart; the four-hour level has already given the answer.
First, let's look at the key points:
Top signal: ETH surged to the 4794 line and quickly fell back, with two consecutive bearish K-lines, indicating short-term bullish weakness.
BOLL middle track pressure: Currently, the price is hovering around 4630, just at the middle track of the Bollinger Bands. If it loses this level, it will directly test the support zone of 4480–4500.
KDJ low rebound: The KDJ has turned around at a low level, indicating that the downward momentum is beginning to weaken, and there may be a technical rebound in the short term.
Volume changes: After the liquidation of the giant whale, retail panic selling has been released, and there are clear signs of large funds buying in.
My judgment:
If ETH can stabilize in the 4600–4630 range, the rebound will target 4800, and only after breaking through this will it open up acceleration space above 5000.
Once it falls below 4600 and continuously closes bearish, a pullback to the 4400–4450 area is highly probable.
ETH has not really turned bad; it is just making directional choices at key points.
Now is the time to patiently wait for the market to express itself; do not easily go all-in, and do not panic sell at the bottom.
If you want to know more about cryptocurrency news and the next wave of market trends, stay tuned to the rhythm of 'gen-ting-ling' for opportunities to profit!!!
#美国7月PPI年率高于预期 #币安钱包TGE #加密市场回调
Many people have asked me in the past two days: Is ETH about to enter a major correction?
I'll go straight to the chart; the four-hour level has already given the answer.
First, let's look at the key points:
Top signal: ETH surged to the 4794 line and quickly fell back, with two consecutive bearish K-lines, indicating short-term bullish weakness.
BOLL middle track pressure: Currently, the price is hovering around 4630, just at the middle track of the Bollinger Bands. If it loses this level, it will directly test the support zone of 4480–4500.
KDJ low rebound: The KDJ has turned around at a low level, indicating that the downward momentum is beginning to weaken, and there may be a technical rebound in the short term.
Volume changes: After the liquidation of the giant whale, retail panic selling has been released, and there are clear signs of large funds buying in.
My judgment:
If ETH can stabilize in the 4600–4630 range, the rebound will target 4800, and only after breaking through this will it open up acceleration space above 5000.
Once it falls below 4600 and continuously closes bearish, a pullback to the 4400–4450 area is highly probable.
ETH has not really turned bad; it is just making directional choices at key points.
Now is the time to patiently wait for the market to express itself; do not easily go all-in, and do not panic sell at the bottom.
If you want to know more about cryptocurrency news and the next wave of market trends, stay tuned to the rhythm of 'gen-ting-ling' for opportunities to profit!!!
#美国7月PPI年率高于预期 #币安钱包TGE #加密市场回调
