After a period of rapid decline, the price has now entered a phase of repeated testing at low levels. The overall trend revolves around key support levels, with oscillations gradually converging—this is a crucial signal, indicating that the bulls and bears have temporarily reached a certain balance in this price range.
From the Bollinger Bands perspective, the entire channel has flattened, and the distance between the upper and lower bands continues to narrow. This usually indicates that the market is brewing a directional choice—the next breakout direction will be very important.
Short-term trading strategy: Focus on rebound setups around the key supports at 2920 and 2890. The first target is around 3060. If this level can be effectively broken, the next potential target could be 3190.
Pay close attention to $BTC $ETH $SOL's correlation performance, especially how Bitcoin's movement will significantly influence Ethereum's direction.
The market is currently in a consolidation phase; patiently waiting for a breakout signal will be more prudent.
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TokenomicsDetective
· 12h ago
The talk about Bollinger Bands flattening has been heard too many times. Every time, it's said that a surge is coming, followed by a sharp drop. I really can't hold on anymore...
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SerumSquirrel
· 13h ago
It's just a buildup phase, anyway I've already cut my losses and exited. Now I'm just waiting to see if BTC can give a directional signal, otherwise it's too uncomfortable to be stuck in this consolidation.
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DegenTherapist
· 13h ago
It's another buildup, but it hasn't blossomed yet... I don't trust you on the crucial support at 2890, last time I said that it directly broke down.
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MissedAirdropBro
· 13h ago
Still waiting, I can't tell if this wave is going up or down... But the 2890 level is definitely worth paying attention to.
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CoffeeNFTrader
· 13h ago
It feels like this barrier at 2890 is about to break. Every move of Bitcoin affects the overall situation. Can we hold steady and see BTC's reaction?
#数字资产市场动态 Ethereum Daily Chart Trend Observation
After a period of rapid decline, the price has now entered a phase of repeated testing at low levels. The overall trend revolves around key support levels, with oscillations gradually converging—this is a crucial signal, indicating that the bulls and bears have temporarily reached a certain balance in this price range.
From the Bollinger Bands perspective, the entire channel has flattened, and the distance between the upper and lower bands continues to narrow. This usually indicates that the market is brewing a directional choice—the next breakout direction will be very important.
Short-term trading strategy: Focus on rebound setups around the key supports at 2920 and 2890. The first target is around 3060. If this level can be effectively broken, the next potential target could be 3190.
Pay close attention to $BTC $ETH $SOL's correlation performance, especially how Bitcoin's movement will significantly influence Ethereum's direction.
The market is currently in a consolidation phase; patiently waiting for a breakout signal will be more prudent.