This Ether has started to rise directly again, a false increase, but don't panic, my short position is still in.
This trend cannot rebound, and there are quite a few longs trapped above. Currently, the goal is to tempt short sellers to exit and switch to longs, then the trend can fall.
Just finished checking the Binance chain data and found two strong bullish signals stacking up:
1. BTC 4-hour K-line: MA5 moving average strongly crosses above MA30 moving average, forming a standard golden cross, with trading volume increasing by 30% simultaneously; this breakout is not fake;
2. BNB Chain ecosystem: Trading volume surged directly by 60% in the past 12 hours, with MEME coins and blue-chip coins moving together, indicating significant capital inflow signs.
Operational advice: Short-term players can enter with a light position in the range of 43200-43500, with a stop loss set below 42800; conservative players should wait for a stable position above 44000 before following in, initially targeting 45000.
When the price of $ETH rises, even the bears dare not speak. Now, encountering resistance on the 4-hour chart and pulling back, I continue to look down with a target of 2500. I think of a deceased friend of mine; please find your way back...😀😜
The GRT overall shows a significant long-term downward trend. In terms of price, the latest price is 0.03719 USDT, down 1.80% from the previous value. In the past 24 hours, the price fluctuated between 0.03704 and 0.03819, under overall pressure.
In the moving average system, MA(7) is 0.03747, MA(25) is 0.04404, MA(99) is 0.06339. The short-term moving averages are below the long-term moving averages, and all three moving averages are diverging downward, indicating a significant bearish arrangement, further confirming the continuation of the downtrend.
The drop data over time also reflects weakness: a 9.86% drop over 7 days, a 34.99% drop over 30 days, a 60.00% drop over 90 days, and a drop of 82.12% over 1 year, with no signs of weakening downward momentum in the medium to long term. In terms of trading volume, recent trading volume has shrunk compared to previous periods, indicating that although the selling pressure has eased during the decline, buying pressure has not effectively entered the market. The market is in a weak consolidation phase, and the short-term downward pattern is difficult to change. $GRT
On such a good spot on Saturday, isn't it worth taking a break? Not taking a break would be unfair to those of you who are working on contracts. I'll take the lead for you.
GRT shows a slight rebound in the short term, but the medium to long-term downtrend remains unchanged.
In terms of price, the latest price of 0.03724 has increased by 2.70% compared to the 24-hour low of 0.03598, indicating a short-term oversold rebound. However, the current price is still far below the three moving averages: MA7 (0.03780), MA25 (0.04461), and MA99 (0.06403). The moving averages are in a bearish arrangement, and the price is clearly suppressed by the moving averages, limiting the strength of the rebound.
From a time perspective, the 7-day decline is 10.85%, the 30-day decline is 31.04%, and the 90-day decline is 60.51%, indicating a clear medium to long-term downtrend. Although the trading volume has slightly increased, it has not formed a sustained volume support, making it difficult to push the price through the moving average pressure.
From a technical perspective, the 24-hour high of 0.03819 has become a short-term resistance level. If it cannot effectively break through, the price is likely to return to a fluctuating downward trend; if it breaks through, attention should be paid to the medium-term resistance near 0.04307. Overall, the short-term rebound is unlikely to change the weak pattern, and without favorable fundamentals, the medium to long-term outlook remains downward. $GRT
$ETH Within an hour I can lose 100,000, I am also talented, after hitting my left cheek I will hit my right cheek, let's not say anything else, I will quietly wait for 2400 to increase my position, or you can just take me up.
From the chart, the probability of GRTUSDT showing a weak oscillation bias towards bearish in the short term is higher. Firstly, the price is below the three moving averages MA7, MA25, and MA99, with the moving averages in a bearish arrangement, and the long-term downtrend remains unchanged; although it has slightly increased by 1.37% in the last 24 hours, the increase is weak and has not broken through the key resistance level of 0.04038 (MA7). Secondly, the trading volume has been persistently low recently, lacking sufficient funds to drive a rebound, with a 24h trading volume of only 6.1611 million USDT, and buying support is insufficient. The 24h fluctuation range is between 0.03747 and 0.03916, which is narrow and close to recent lows. If it breaks the support at 0.03747, it may further test 0.03517; if it can stabilize at 0.03916, it may attempt to test 0.04038 in the short term, but the overall rebound space is limited under the bearish pattern.
Do you need me to help you organize a list of key support and resistance levels for GRTUSDT for your real-time tracking reference? $GRT
$ETH Just this market, it goes up and immediately comes down. Do you dare to chase the long position? Find the high point in the intraday wave, look for a low point, and you can only gain about 15 points up and down. As long as Ethereum can reach above 3000, then you can hold a small position for the medium to long term with a stop loss.
Avoid a little interest rate hike, and then let's see how the market goes.