Hello friends, I am Zitan! Seeing the trend of ETH, many brothers are getting anxious again: it has risen, but is it a real breakthrough or a trap? Will it surge to 3150 tonight, or will it turn around and drop to 2945 or even 2600? The MACD golden cross is still bouncing above the 0 axis, and the volume has just broken through. It looks like the upward trend is strong, but I advise you not to rush to shout 'bull market' just yet.
First, let's look at the news: it's not bad news, but there's hidden panic and a 'killing pig' scheme.
First, let's clarify the Ethereum Foundation issue: stopping address truncation to prevent address poisoning. In simpler terms, previously people would shorten wallet addresses, and bad actors could create similar fake addresses to scam money. The foundation advises not to shorten and to write the full address.
This is in itself a neutral message leaning towards supporting the market, but timid retail investors in the market are likely to panic: at the first sign of risk warnings, they fear there’s a thunderstorm, and it’s possible that someone will take advantage of this to create a small panic, which is not a substantive bearish signal but will give you a chance to pick up low-priced chips and may also stall the rhythm of the surge.
Technical analysis: The 4-hour chart locks the rise and fall range, and the signals are all straightforward.
The MACD golden cross is the engine of the bullish trend: the white and yellow lines are firmly above the 0 axis, and it is a strong golden cross tilting upwards from the 0 axis, combined with a mild increase in volume, indicating that the bullish momentum hasn’t leaked, and rising is the main theme;
Resistance level: 3150 is a roadblock: this price level is the area where trapped positions piled up after last week's surge and drop, the first attempt to break through tonight is likely to stall; either push through with volume to eat meat, or get stuck here and pull back;
Support level: 2945 is a safety cushion, and 2928 is the bottom line: 2945 is the central point of the oscillation over the past 3 days, as long as it doesn’t break down, the bullish trend remains intact; even if there’s panic selling due to news, the MA10 moving average can catch it, and the support at 2600 is currently far away, so there's no need to panic for now.
Different players have their own ways to play tonight:
Hold your long positions well and set your stop-loss. Those with no positions can try going long with a small amount when it pulls back to 3000 without breaking it; if it breaks, give up. Observers shouldn’t rush, wait for a stable position at 3150 before joining, as big moves may happen in the next couple of days. I have organized the specific tracking techniques and reversal signals, follow purple sandalwood and move to @链上紫檀 2026 for answers!
Personal opinion:
Tonight, ETH is likely to oscillate in the range of 2945-3150! The MACD golden cross supports this, with the bullish target at 3150, but the pressure from trapped positions makes it difficult to achieve in one go; under the influence of news sentiment, a pullback to 2945 is also normal. However, I have noticed a large amount of capital quietly moving, and this wave of movement hides some dark hands! Want to know the precise time window for a breakthrough/breakdown? Hurry up and follow @链上紫檀 2026 , purple sandalwood will announce the specific timings in the village, a delay could lead to missing out or getting deeply trapped!
After the midnight close of the US stock market, will foreign capital withdraw liquidity and crash the market? Will the issue of poisoned addresses suddenly ferment? I want to eat meat without getting hit tonight according to my own playstyle, follow @链上紫檀 2026 and participate in every attack of the purple sandalwood villagers! Purple sandalwood will announce the specific entry times and real-time news in the village every day!
Do you think ETH will surge to 3150 first and then crash, or will it crash to 2945 first and then rise? Feel free to leave your thoughts! #BTC #ETH
