When retail investors discuss 'how much further can it drop', the giant whale at $ETH has completed its layout at a key price level!
ETH surged from 2600 to 3200, like a gasping sprint—it's running, but the momentum is clearly lacking, the key is whether there is 'incremental funds' to sustain it.
1. Latest technical analysis!
1. Trading volume: The actual trading volume is only 329,000, lower than the estimated 428,000, and much lower than MA5 (760,000) and MA10 (890,000) average volumes, which is a typical 'volume contraction rebound', like a lively stage with few spectators, the foundation is unstable.
2. MACD: MACD has formed a low-level golden cross, indicating a weakening of the downward momentum, but like a patient recovering, it still requires trading volume to confirm its strength.
3. The moving average system still shows significant pressure: The arrangement of MA5 and MA10 remains bearish, the price barely stands above the short-term moving average, a breakout on volume is needed to change the situation.
2. Latest news on the chain!
1. On-chain activity is steady: Gas fees are low, and the ecosystem lacks hot catalysts in the short term.
2. Divergence in whale behavior: Some addresses are accumulating in the 2800-3000 range, but there are also reductions above 3200, large funds have not reached a consensus.
3. Macroeconomic sentiment still dominates: The market is overall influenced by liquidity expectations, the narrative of ETH strengthening independently has yet to emerge.
Note! In a volatile market, do you choose to ambush at lows, or continue to watch?
I am Gao Ge, top technical support, serving only those with vision and ambition!
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