Explosive! The short-term trend of ETH is about to change dramatically, and these three patterns could double your wealth instantly or bring it to zero!
Currently, ETH is at a key node in the short-term trend, about to make a directional choice. From a technical perspective, the current price is in a strong area but faces some potential risks.
In terms of price, it is between the middle and upper bands of the Bollinger Bands, close to the upper band. The key resistance is the previous high of 3397.85; breaking through this level would open up new upward space; there are two core supports, the primary support is the EMA7 moving average at 3280, and the strong support is the overlapping area of the Bollinger Bands middle band and EMA30 at 3150 - 3180.
On the indicators, the MACD is at a high position above the zero line, with the fast and slow lines converging, and the red bars may shorten, showing signs of waning upward momentum; RSI has entered the overbought area, and the market is temporarily overheated, indicating a need for a pullback or sideways consolidation; trading volume shows that when the price hits the previous high, volume increases, and there is also volume during pullbacks, with a growing divergence between bulls and bears.
Based on these situations, there are three possible outcomes for ETH next.
High-level volatility, oscillating in a range between 3280 and 3390, accumulating energy after adjusting indicators;
A pullback testing strong support; if the overall market weakens or there is negative sentiment, it may break below 3280, seeking support at 3150 - 3180, and if it stabilizes after washing out positions, that would be an ideal entry point;
Strong continuation with a direct breakthrough, but volume needs to increase; rising without volume may lead to false breakouts.
Something big is coming! A mysterious order is about to be announced! The vehicle is too heavy to move! After careful consideration, I still choose to share it at 聊天室! If you want to get on the highway, you can call me! #加密市场观察 #美SEC推动加密创新监管



