This morning when I woke up, ETH was fluctuating slightly again, and many people are starting to feel uncertain—should they run or should they increase their positions?
Why did it suddenly rise last night?
Many people did not notice a key piece of news: the White House economic advisor just said that U.S. inflation is actually below target, and the Federal Reserve has 'ample space' to cut interest rates.
What does this mean? The expectation of easing is back! Once the funds are loosened, where will they flow first? You know.
But why hasn't ETH surged directly? Because big funds are also waiting for a clear signal.
If you don't know how to time it, you can follow Nanxi, who will analyze it in real time in the village and provide the current best entry point.
What exactly is the technical analysis saying right now?
Looking at the 1-hour chart, the MACD yellow and white lines have slowly crossed below the zero axis, but note—there's a death cross about to turn into a golden cross!
This is usually a signal of a 'false breakdown, true rebound.'
But don't get too excited; the MFI is still in the overbought zone, indicating that many are chasing high prices in the short term, and the main force is likely to wash out again.
My view is clear: in the short term, watch for fluctuations in the range of 2940–3090. Only if it stabilizes above 3040 will it test the resistance at 3090, or even push to 3250. If it falls below 2940, be careful—the next target could be 2770, and in extreme cases, it might even find major support around 2610. Remember, until key levels are broken, any rise is just a rebound, not a reversal.
Everyone's position size is different. It's recommended to find Nanxi, become a villager of Nanxi, synchronize entry and build positions, and Nanxi will help you plan your positions and control risks!
So what should you do now?
If you are a short-term player:
You can take advantage of the rebound in the range of 2940–3090, but be sure to set a stop loss. Withdraw if it falls below 2940.
If you are a medium to long-term investor:
Don't rush to go all in; the area around 2610 is truly worth averaging down. What you need to do now is to wait patiently.
Weekend markets are usually quiet, don't let fluctuations of dozens of points lead you around by the nose. Use this time wisely to see the support and resistance clearly. The expectation of 'interest rate cuts' is a seed, but it takes time to sprout. What we need to do is hold onto our chips, and wait for the moment the wind really comes, then we have the bullets to get on board. Do you want to continue being harvested repeatedly in the fluctuations, or do you want someone to tell you in advance where the wind blows and where the boat sails?
If you don't know the specific entry timing and exit points, fans who are holding can follow Nanxi. Nanxi will announce daily currencies, entry points, and exit points in Nanxi Village 24 hours a day.
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