Folks, I was just staring at the market, and two pieces of news made my hair stand on end! One is a technical chart of ETH, and the other is simply a 'big bomb' that could shake the global market! Tonight, those playing with ETH need to keep their eyes wide open like bells and be fully alert!
News
The financial news pops up a big headline, glaringly: The Bank of Japan is expected to raise interest rates by 25 basis points in December, with a probability as high as 96%. The timing is set for this Friday, and it's basically a done deal. Don't think this matter is unrelated to us. The global capital market is like a large net; pulling one thread affects the whole. Once Japan raises interest rates, it means another major economy is tightening the 'tap,' making cheap money increasingly scarce and costs rising. Under this expectation, the high-risk, volatile cryptocurrency market will surely be the first to be abandoned by large funds. Those big funds are becoming cautious; they might have already fled ahead of time.
Technical Analysis
Looking at the one-hour K-line chart of ETH, it seems to be rising on the surface, but experienced players know that you can't just look at the surface. Let's check the MACD indicator below; the white line and yellow line are lying below the zero axis and have formed a 'death cross.' What does this mean? This indicates a rebound within a downtrend, lacking any real strength. The upper 3150 is like an insurmountable chasm, pressing down hard. The lower 3000 is a critical psychological support line; if it breaks, the support at 2890 could be in jeopardy.
For players with heavy positions or existing holdings, consider the range of 3150 - 3180 as an excellent spot to reduce positions or secure profits. Don't be greedy; securing profits is what truly matters. The stop-loss should be set just below 3000, and if it reaches that point, decisively cut losses without hesitation. If you're in a cash or light position, that's a good thing; don't get anxious. Control your hands, observe more, operate less, and wait until the situation is clearer before taking action.
I'm pondering that the market from tonight to tomorrow is likely to rise first and then fall back. The market might leverage the current upward momentum to challenge the resistance at 3150. At this point, many people will see it and think, 'Oh, it's about to break through, and the bull market is coming again,' and rush in. However, under the dual pressure of global interest rate hikes and the inherent technical weakness of ETH, this rise definitely lacks sustainability and will soon turn downward. Whether it can hold above 3000 is the first big test.
Family, if you don't want to fumble around alone on such a critical night and want to know what the big money is doing, then come find me, the Emperor. Together, we will find the most stable ship in this unpredictable market. I am the Emperor, an analyst who only speaks the truth and shares practical insights.
At this time, the Emperor will lead everyone to prepare a position in $ETH, expecting to earn 200 points without issue. Friends who want to seize this great opportunity, come to the chat room with us to avoid various pitfalls, dissect subsequent capital movements in real-time, and seize every good opportunity to make money! #ETH走势分析 #美SEC推动加密创新监管
