Looking at the candlestick chart, $ETH has been fluctuating repeatedly recently. It previously rose from around 3017 all the way up to 3149, then started to swing up and down, mainly revolving around the 3116 level. Currently, the price is stuck around 3116, with the short-term MA7 and MA30 almost converging — this indicates that neither bulls nor bears can dominate at the moment.
Key Observations
The entire fluctuation range is tightly confined between 3017 and 3149. The midline of this oscillation is at 3116. Such stability in this range suggests either the chips are firmly locked in or everyone is waiting for a signal. What does the convergence of short-term moving averages imply? The market hasn't decided which way to go yet; bears can't find weakness, and bulls can't find an explosive entry point.
Volume remains uneventful, with no signs of significant increase or decrease. Participants are trading at a steady pace, and the atmosphere is quite cautious — after all, the direction is still uncertain.
How to Operate
Short-term traders can trade within this range back and forth. Consider taking some profits near the 3149 resistance level; this is a clear selling point. If the price drops toward the 3017 support level, think about adding a bit more; this is an opportunity for low-cost entry. The key is not to be greedy, set proper stop-losses, and avoid over-leveraging.
For medium- to long-term investors, my advice is to wait a bit longer. Only when the price truly breaks above 3149 or falls below 3017 will the trend become clearer. Entering based on the direction at that point will be more prudent.
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PebbleHander
· 22h ago
Once again caught in this deadlock, 3116 is firmly stuck and not moving, which is quite frustrating to watch.
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LiquidityWitch
· 22h ago
Getting tangled again at 3116, when moving averages are glued together, no one dares to act. This kind of market is the hardest to endure.
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LoneValidator
· 22h ago
Still crouching at 3116, with bulls and bears deadlocked. The moving averages are stuck together, just waiting for whoever breaks the level first.
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GasFeeSurvivor
· 22h ago
Position 3116 is really stuck. Is the moving average convergence about to break out or get suppressed?
#数字资产动态追踪 Ethereum Trend Breakdown
Looking at the candlestick chart, $ETH has been fluctuating repeatedly recently. It previously rose from around 3017 all the way up to 3149, then started to swing up and down, mainly revolving around the 3116 level. Currently, the price is stuck around 3116, with the short-term MA7 and MA30 almost converging — this indicates that neither bulls nor bears can dominate at the moment.
Key Observations
The entire fluctuation range is tightly confined between 3017 and 3149. The midline of this oscillation is at 3116. Such stability in this range suggests either the chips are firmly locked in or everyone is waiting for a signal. What does the convergence of short-term moving averages imply? The market hasn't decided which way to go yet; bears can't find weakness, and bulls can't find an explosive entry point.
Volume remains uneventful, with no signs of significant increase or decrease. Participants are trading at a steady pace, and the atmosphere is quite cautious — after all, the direction is still uncertain.
How to Operate
Short-term traders can trade within this range back and forth. Consider taking some profits near the 3149 resistance level; this is a clear selling point. If the price drops toward the 3017 support level, think about adding a bit more; this is an opportunity for low-cost entry. The key is not to be greedy, set proper stop-losses, and avoid over-leveraging.
For medium- to long-term investors, my advice is to wait a bit longer. Only when the price truly breaks above 3149 or falls below 3017 will the trend become clearer. Entering based on the direction at that point will be more prudent.