If you got stopped out on a long at 1,850 yesterday, you should already be sitting on some floating profit by now. But with this overnight price action, even the profits don’t feel reassuring.
ETH is currently at 1,869. It looks like it’s moving in line with BTC, but in reality it’s softer than BTC. The moment BTC takes a bit of a breather, ETH quickly lowers its head. At around 2:00 a.m., liquidity is as thin as paper: about 257 million USDT in成交, and the volume is nowhere near even a fraction of the 20-day average.
The MA5 and MA20 are stuck together around 1,863 and 1,865. Price is riding along above the moving averages, but direction hasn’t been chosen. RSI is only 39, so the rebound lacks strength. MACD is arranged bullishly, but the DIF is at -0.3665, and it could turn bearish at any moment. The Bollinger Bands have tightened a lot, with bandwidth at 2.4%. Once the market picks up volume in the pre-dawn hours, it will be easy to punch through either up or down.
The key is still BTC. If BTC suddenly freaks out and drops overnight, first support for ETH is around 1,833; if that breaks, then 1,822. One is the prior low, and the other is the bottom edge of a dense trading zone. If it falls through those levels, I don’t dare guess how bad it could get.
On the other hand, if BTC abruptly rallies upward, resistance on ETH’s upside—1,884 and 1,882—overlap. If you bounce into that area, chances are you’ll need to catch your breath; it’s not a level you can blow through in one go.
My own plan is: if it breaks below 1,830 and a five-minute candle can’t reclaim it, I’ll admit I’m wrong and exit—no daydreaming about catching the bottom. If price moves up, around 1,882 I’ll cut my position by half; the rest will depend on whether it can reach 1,900.
Also, don’t use market orders for orders placed in the early morning. Slippage can cost you half a point. Limit orders placed near whole-number levels are much more comfortable than chasing in the order book.
One more time: this is just my personal log of what I did while staring at the charts late at night. It has nothing to do with investment advice.
At 2:14 a.m., ETH is still chopping around 1,869.
#ETH #凌晨行情 #币圈 #以太坊
ETH is currently at 1,869. It looks like it’s moving in line with BTC, but in reality it’s softer than BTC. The moment BTC takes a bit of a breather, ETH quickly lowers its head. At around 2:00 a.m., liquidity is as thin as paper: about 257 million USDT in成交, and the volume is nowhere near even a fraction of the 20-day average.
The MA5 and MA20 are stuck together around 1,863 and 1,865. Price is riding along above the moving averages, but direction hasn’t been chosen. RSI is only 39, so the rebound lacks strength. MACD is arranged bullishly, but the DIF is at -0.3665, and it could turn bearish at any moment. The Bollinger Bands have tightened a lot, with bandwidth at 2.4%. Once the market picks up volume in the pre-dawn hours, it will be easy to punch through either up or down.
The key is still BTC. If BTC suddenly freaks out and drops overnight, first support for ETH is around 1,833; if that breaks, then 1,822. One is the prior low, and the other is the bottom edge of a dense trading zone. If it falls through those levels, I don’t dare guess how bad it could get.
On the other hand, if BTC abruptly rallies upward, resistance on ETH’s upside—1,884 and 1,882—overlap. If you bounce into that area, chances are you’ll need to catch your breath; it’s not a level you can blow through in one go.
My own plan is: if it breaks below 1,830 and a five-minute candle can’t reclaim it, I’ll admit I’m wrong and exit—no daydreaming about catching the bottom. If price moves up, around 1,882 I’ll cut my position by half; the rest will depend on whether it can reach 1,900.
Also, don’t use market orders for orders placed in the early morning. Slippage can cost you half a point. Limit orders placed near whole-number levels are much more comfortable than chasing in the order book.
One more time: this is just my personal log of what I did while staring at the charts late at night. It has nothing to do with investment advice.
At 2:14 a.m., ETH is still chopping around 1,869.
#ETH #凌晨行情 #币圈 #以太坊