$ETH Currently, there is a wide range fluctuation within the $2450–2550 range, with continued net inflows into spot ETFs and increasing expectations of a Federal Reserve rate hike in September (with a probability of around 60%), creating a tug-of-war between bullish and bearish forces. The direction of the move in the short term may become clearer after CPI data is released.
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$ETH is currently trading around $2490–2502, with a slight fluctuation over the past 24 hours, and it generally remains within an area of repeated testing near the lower part of a tightening triangular structure.
$2515–2525 is a strong resistance zone, followed by $2540–2550. Upside potential only opens if the price can hold with trading volume above the $2530–2540 range—then targets could extend to $2630–2700.
On the hourly timeframe, the MACD remains above the zero line, and the “Bollinger Bands” middle line is supported with an upward bias; thus, the short term is likely to consolidate/fluctuate within an elevated area to build momentum. However, the KDJ indicator has entered the overbought zone, meaning there may be a need for a short pullback/correction to absorb realized gains. Overall, the price and volume structure tends toward relatively weak sideways (range-bound) movement.
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$ETH is currently trading around $2490–2502, with a slight fluctuation over the past 24 hours, and it generally remains within an area of repeated testing near the lower part of a tightening triangular structure.
$2515–2525 is a strong resistance zone, followed by $2540–2550. Upside potential only opens if the price can hold with trading volume above the $2530–2540 range—then targets could extend to $2630–2700.
On the hourly timeframe, the MACD remains above the zero line, and the “Bollinger Bands” middle line is supported with an upward bias; thus, the short term is likely to consolidate/fluctuate within an elevated area to build momentum. However, the KDJ indicator has entered the overbought zone, meaning there may be a need for a short pullback/correction to absorb realized gains. Overall, the price and volume structure tends toward relatively weak sideways (range-bound) movement.