ETH is currently priced at $3265, half an hour ago it dropped to the edge of $3200, and now it's inching back up. As someone who has been watching the 1-hour chart, I need to adjust those lines I drew to point everyone in the right direction.

News:

Recently, there are not many black swans, but rather positive news: after the Ethereum Shanghai upgrade, the staking volume has steadily increased, surpassing 8 million last week, indicating that long-term funds recognize this "blockchain underlying technology"; combined with the explosive growth of the Layer 2 ecosystem, the TVL of second-tier networks like Arbitrum and Optimism increased by 15% month-over-month, and the demand for ETH as the "gas fee father" has not decreased. More importantly, the heat of Bitcoin ETFs has slightly cooled, and funds have started to flow back to the second largest, ETH. This is not a wild guess; on-chain data shows that large whales have net bought over 120,000 ETH in the last three days.

Technical aspect:

3200 is the recent 'small iron bottom' in the past half month. After the sharp drop here yesterday, the MACD green bars shortened, and the RSI climbed up from the oversold zone, a typical signal of stopping the decline; the upper resistance at 3300 is the 5-day moving average pressure level. If it can break through with volume, it can catch a breath in the short term.

My opinion: This wave of ETH belongs to 'washing out positions, not turning bearish'. The fundamentals support it, and technically it has stabilized at 3200, with a high probability of a rebound in the short term. But don't get too eager to chase highs; after all, there are trapped positions at the upper level of 3400, and a sudden spike might be a trap for the bulls.

Operation suggestion:

For those without positions, don't rush; wait for a pullback to 3200-3230 to try a small position long, with a stop-loss set at 3180;

For those already holding, don't panic, initially aim for 3350, consider adding after breaking through;

For those trapped at high positions, consider reducing some positions around 3300 during the rebound to lower costs.

The most feared in the crypto world is chasing highs and killing lows. ETH is currently in the 'squatting and gathering strength' phase. Don't be scared by half-hour fluctuations, wait for the support level and news combination before taking action.

Do you think this rebound can reach 3400? Let's discuss your positions and strategies in the comments section. Blindly acting alone will never bring opportunities. Click on my avatar to follow me, and I will guide you to explore tenfold potential coins! Top-tier first-level resources!

$ETH #加密市场回调