ETH tonight hovered around the 1845 level all day; it’s starting to get interesting now.
Price is stuck right at the intersection of MA5 and MA20. The two lines are almost stuck together—so the market hasn’t chosen a direction.
RSI is 58.3—not overbought, but leaning bullish.
MACD is still in the bullish zone, but the DIF value is slightly negative and the momentum seems a bit lagging.
Trading volume has shrunk drastically—only about 0.2x the average volume—showing everyone is waiting and nobody’s taking action.
Support to watch is 1803, the day’s 24-hour low. If it breaks, watch 1810.
Resistance is at 1894, with additional resistance at 1893 stacked above.
The Bollinger Bands are a bit upward-biased, but the bandwidth is only 1.2%—it’s extremely narrow. This kind of narrow channel often “squeezes” a new wave of movement.
If tonight continues with low-volume consolidation, I’ll wait for a pullback to around 1820 to try a small long position. Stop loss will be placed just below 1800, and take profit will first target 1894.
If BTC suddenly turns around, ETH will most likely follow. If BTC dumps, ETH will most likely test the 1803 support. If BTC rallies, ETH will have the chance to hit the 1894 resistance.
Who moves first gets the initiative.
With this chart, without volume there’s no direction.
Wait another hour—see if there are signs of volume picking up.
Anyway, I’m not trading tonight.
#ETH #晚间行情 #币圈 # Ethereum
Price is stuck right at the intersection of MA5 and MA20. The two lines are almost stuck together—so the market hasn’t chosen a direction.
RSI is 58.3—not overbought, but leaning bullish.
MACD is still in the bullish zone, but the DIF value is slightly negative and the momentum seems a bit lagging.
Trading volume has shrunk drastically—only about 0.2x the average volume—showing everyone is waiting and nobody’s taking action.
Support to watch is 1803, the day’s 24-hour low. If it breaks, watch 1810.
Resistance is at 1894, with additional resistance at 1893 stacked above.
The Bollinger Bands are a bit upward-biased, but the bandwidth is only 1.2%—it’s extremely narrow. This kind of narrow channel often “squeezes” a new wave of movement.
If tonight continues with low-volume consolidation, I’ll wait for a pullback to around 1820 to try a small long position. Stop loss will be placed just below 1800, and take profit will first target 1894.
If BTC suddenly turns around, ETH will most likely follow. If BTC dumps, ETH will most likely test the 1803 support. If BTC rallies, ETH will have the chance to hit the 1894 resistance.
Who moves first gets the initiative.
With this chart, without volume there’s no direction.
Wait another hour—see if there are signs of volume picking up.
Anyway, I’m not trading tonight.
#ETH #晚间行情 #币圈 # Ethereum