Dear friends, today’s ETH market initially rose then fell back. After surging to $2030 in the early session, it retreated and is now fluctuating narrowly around $1980. The 4-hour MACD shows a bearish crossover downward, RSI approaches the neutral zone at around 45, indicating short-term weak momentum.
On the news front, last night’s US CPI data was mildly positive for risk assets, but Ethereum’s mainnet Gas fees surged, suppressing on-chain activity. Coupled with intensified market speculation about the Federal Reserve’s rate hike cycle nearing its end, funds remain cautious.
Strategy: Aggressive traders can try small long positions, gradually building at $1980-$1990 with a stop loss at $1960 (previous low support). Targets are $2030-$2050. Conservative traders should wait for a volume breakout above $2050 or a drop below $1950 before following up. Be aware that Federal Reserve officials’ speeches tonight may trigger volatility; keep position exposure within 30%!
Markets are unpredictable; stay flexible. Wishing you successful trading!
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【1-Minute ETH Market Analysis and Strategy】
Dear friends, today’s ETH market initially rose then fell back. After surging to $2030 in the early session, it retreated and is now fluctuating narrowly around $1980. The 4-hour MACD shows a bearish crossover downward, RSI approaches the neutral zone at around 45, indicating short-term weak momentum.
On the news front, last night’s US CPI data was mildly positive for risk assets, but Ethereum’s mainnet Gas fees surged, suppressing on-chain activity. Coupled with intensified market speculation about the Federal Reserve’s rate hike cycle nearing its end, funds remain cautious.
Strategy: Aggressive traders can try small long positions, gradually building at $1980-$1990 with a stop loss at $1960 (previous low support). Targets are $2030-$2050. Conservative traders should wait for a volume breakout above $2050 or a drop below $1950 before following up. Be aware that Federal Reserve officials’ speeches tonight may trigger volatility; keep position exposure within 30%!
Markets are unpredictable; stay flexible. Wishing you successful trading!