ETH 1 Hour Market Watch | Friends, the end of the volatility is near, get ready for a trend change!
Technical Analysis
The Bollinger Bands are opening downwards, and the price is continuously under pressure near the mid-line (around 3057), but the lower line around 2969 is forming strong support, the bears can no longer push down!
The MACD green bars are contracting, and although the DIF is below the DEA, the death cross is converging, indicating a decrease in downward momentum, which is a clear signal of buildup!
Key resistance is at the mid-line 3057; if we hold here, it's a rally call for the bulls!
On-chain & News Support
On-chain data is flat, and big players haven't fled, indicating that the main force is waiting for direction.
The macro environment is stable as ever, BTC is in a sideways trend, and ETH has no reason to dive alone; the bottom support is solid!
Personal Opinion: Stay Strong!
I said before, “Volatility washes out positions, a breakout is imminent,” and now all indicators are validating that judgment! Focus on 3057 in the short term; once we break through with volume, directly aim for 3100+! Don’t get left behind, contract traders should set low buy orders, and spot traders should invest regularly with their eyes closed!
Operational Strategy
Support Level: 2980-2969 (stop-loss if broken)
Breakthrough Level: 3057 (signal to add positions)
Target: 3100→3180
Remember: Markets always explode during hesitation; keep up with the rhythm, profits won’t be absent!
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