The market trend over the past two days has been very typical: after a large bullish candlestick pushed it up, there was no rush to pull back, but rather it steadily moved sideways at a high level.

This structure often does not indicate a top; instead, it seems to be waiting for the next ignition of the market.

I looked at the 1-hour chart, and the volume, SAR, and RSI are all maintained in a slightly strong area. The key support at 92,200 has not been broken, while 94,500 is pressing down on a group of hesitant traders.

The market gives me a very clear feeling:

The bulls have not left, the bears do not dare to push down, and the price is stuck here waiting for a breakout.

If the market is to weaken, it will certainly first lose the 92,000 level; #ETH走势分析

If the market is to continue to surge, it will definitely break through 94,500

BTC

92,550.65

+2.45%

ETH

3,251.81

+1.50%

BNB

891.18

+2.36%