$ETH From 4755 to 3057, the panic market has been bloodied! The 4-hour MACD hides secrets, and the bottom-fishing signal is about to be confirmed!
ETH is currently at a critical point of extreme convergence and directional choice. A significant one-sided market is about to arrive.
The upper band of the Bollinger Bands is at 3482, the lower band is at 3246, and the price is at 3437, tightly adhering to the middle band (3364) above. The most crucial signal is that the width of the Bollinger Bands' upper and lower bands is sharply narrowing, becoming very narrow.
Volatility has dropped to a very low level, indicating that both bulls and bears have temporarily reached equilibrium here, but neither side has the strength to push the price in one direction. This balance is fragile, and once broken, the accumulated energy will be released instantly, causing the price to move rapidly in the direction of the breakout. The breakout points are the upper band 3482 and the lower band 3246.
The MACD's DIF and DEA values are both negative, indicating that the medium-term trend is still bearish. However, a key bullish signal has appeared: the MACD histogram is red, and several consecutive bars are extending below the zero axis.
This usually signals that the bearish strength may soon weaken, and a rebound is imminent. We need to closely monitor when the DIF line can turn upward and cross the DEA line; that will be a clear signal of a short-term strengthening.
My core view is: Maintain patience and do not speculate until the direction is clear; once a breakout occurs, decisively follow it and do not resist.
For bulls: You must wait for the price to break out with volume and stabilize above $3482. Once the breakout is confirmed, the next target can look towards the 3600-3650 area. Before the breakout, all rises can only be seen as fluctuations.
For bears: You need to see the price effectively break below the Bollinger Bands' lower band 3246, accompanied by increased trading volume. If it breaks, strong support is near 3057.
For watchers: The wisest course of action is to patiently wait. Do not gamble on direction in this extreme convergence range, as it is easy to be stopped out back and forth. The real opportunity lies in the trending market after the breakout confirmation.
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