Today’s ETH market is showing a typical “bull trap followed by a sell-off” pattern. In the evening, there was a rapid surge to the intraday high of 1597, but quickly the bullish momentum weakened and waned, with sell pressure concentrated and released. Afterward, the price slid steadily from the high down to 1556. Although it has rebounded slightly to around 1570, the overall trend has already been damaged. In the short term, upside attempts are lacking momentum; market sentiment has shifted from bullish to bearish
From the current chart, the price has effectively broken below the Bollinger Band middle line, which is a key signal of short-term weakness. The MACD indicator shows that bullish momentum has contracted significantly, indicating insufficient buying interest. The current market is entering a sideways consolidation and repair phase. The Bollinger Band middle line at 1576 acts as strong resistance. As long as price cannot break above and hold that level on increased volume, any rebound should be regarded as a selling opportunity. On the downside, 1560 support is the key area to watch. If it is broken, the market will likely test the intraday low again at 1556
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From the current chart, the price has effectively broken below the Bollinger Band middle line, which is a key signal of short-term weakness. The MACD indicator shows that bullish momentum has contracted significantly, indicating insufficient buying interest. The current market is entering a sideways consolidation and repair phase. The Bollinger Band middle line at 1576 acts as strong resistance. As long as price cannot break above and hold that level on increased volume, any rebound should be regarded as a selling opportunity. On the downside, 1560 support is the key area to watch. If it is broken, the market will likely test the intraday low again at 1556
#中国将40家日本实体列入黑名单 #比特币现货ETF净流出17.9亿美元 #比特币现货ETF净流出17.9亿美元