Family! The ETH 1-hour chart has just issued a key signal—don't say I didn't warn you!
As a seasoned trader who monitors the market daily, this chart says it all: after hitting the upper band of the Bollinger Bands (UB:3367.47), the price fell directly back down and is now stuck around the middle band (BOLL:3325.09), clearly indicating a lack of upward momentum! Looking at the MACD, the DIF line (31.76) has crossed below the DEA line (39.42), and the green bar (-15.33) is emerging, clearly indicating a weakening of short-term momentum, with bears gaining strength.
On-chain data further confirms this: the activity level of addresses has recently decreased, indicating that both large funds and retail investors are on the sidelines, making the market as cold as an ice cellar. As for news? Sorry, there isn't even a decent positive development; ETH is now entirely relying on technical analysis to hold up.
I dare to say that ETH is very likely to continue a downward trend in the short term! Don't be fooled by small rebounds; once the middle band (the range of 3282-3325) is broken, the next support level is below 3250. Remember: the trend is your friend, and fighting against it is like giving away money! I have used this analysis to successfully time the tops and bottoms over the past few months, hitting the mark every time, and today I won't hesitate with this signal.
Stay firmly bearish, keep your hands steady! Wait for the real bottom signal to appear, and then I will lead you into battle. Trust me, the market always rewards those who are patient! Follow Ake to learn more firsthand information and precise points about the crypto world, becoming your guide in the crypto space; learning is your greatest wealth! #加密市场反弹 #ETH走势分析 $ETH
