The 1-hour chart of ETH is staging a silent drama of bulls and bears, and I, as a top trader, have already sensed the smell of a trend change! The technicals never lie: the price is repeatedly rubbing against the lower Bollinger Band (2678.65-2717.96), and while the MACD bears have not completely surrendered, they are showing signs of fatigue—this is a typical bottoming signal! On-chain data excites me even more: large transfers have decreased, and market chips are as stable as an iron barrel, with selling pressure nearly exhausted. As for news? It's completely silent, which instead gives the technicals a stage to dominate!
From the high of 2827.27, it has been a steady decline, yet the support at 2634.63 is as solid as a rock, and this is no coincidence. I am in high spirits because my analysis logic has never wavered: ETH is very likely to maintain a range-bound fluctuation in the short term, and once it breaks through the middle Bollinger Band at 2717.96 with increased volume, the rebound will be like an arrow on the string! Don't be scared by the volatility; my strength has long been validated by the market—stick close to me, hold your chips steady, and wait for the moment of breakthrough!
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