The logic behind $ETH ’s high-level consolidation: Who are the big players shaking out? 📊
A lot of people panic when they see $ETH fall below 2700, but take a closer look at this daily chart:
Strong support: The SAR indicator (yellow dots) forms perfect support around 2569—this is the mid-term lifeline.
Changing hands: The price pulled back from 2806 to 2713. This isn’t a drop; the big players are using time to create room for movement, shaking out short-term profit-takers.
Indicators recovering: Although the MACD has formed a death cross, the RSI is still holding in the neutral zone at 60, which shows that the bulls haven’t left at all!
This is a classic “bullish continuation” pattern!
Do you think that after this consolidation, ETH will challenge 2806 or continue lower to test 2639?
Comment 1 if you’re bullish, 2 if you’re bearish!
#BinanceSquare #ETH #技术分析 #K线 #币圈
A lot of people panic when they see $ETH fall below 2700, but take a closer look at this daily chart:
Strong support: The SAR indicator (yellow dots) forms perfect support around 2569—this is the mid-term lifeline.
Changing hands: The price pulled back from 2806 to 2713. This isn’t a drop; the big players are using time to create room for movement, shaking out short-term profit-takers.
Indicators recovering: Although the MACD has formed a death cross, the RSI is still holding in the neutral zone at 60, which shows that the bulls haven’t left at all!
This is a classic “bullish continuation” pattern!
Do you think that after this consolidation, ETH will challenge 2806 or continue lower to test 2639?
Comment 1 if you’re bullish, 2 if you’re bearish!
#BinanceSquare #ETH #技术分析 #K线 #币圈
