Today, ETH traded within a narrow range around $2950-$3080. The current price is close to the key support/resistance level of $3000, and the market direction remains unclear.
The news focus is on the implementation of the Federal Reserve's decision. Currently, the overall crypto market sentiment is cautious, with no independent positive catalysts for ETH. It has been following BTC's lead with insufficient upward momentum.
From a technical perspective, trading volume remains low, and the 4-hour RSI is in a balanced zone between bullish and bearish. Although the price has stabilized above the short-term moving average, it lacks upward strength. The Bollinger Bands are narrowing, indicating a potential trend reversal.
Operationally, it is recommended to avoid chasing gains or panic selling. During the rebound to the $3040-$3060 range, consider a light short position, targeting a decline to $2980-$2950. Be sure to set strict stop-losses and manage positions lightly. After the Federal Reserve's decision is announced and the market clarifies its direction, follow the trend to adjust your positions. #金价突破5200美元 #内容挖矿焕新公测开启 #中东局势升级
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1-28 ETH Afternoon Analysis
Today, ETH traded within a narrow range around $2950-$3080. The current price is close to the key support/resistance level of $3000, and the market direction remains unclear.
The news focus is on the implementation of the Federal Reserve's decision. Currently, the overall crypto market sentiment is cautious, with no independent positive catalysts for ETH. It has been following BTC's lead with insufficient upward momentum.
From a technical perspective, trading volume remains low, and the 4-hour RSI is in a balanced zone between bullish and bearish. Although the price has stabilized above the short-term moving average, it lacks upward strength. The Bollinger Bands are narrowing, indicating a potential trend reversal.
Operationally, it is recommended to avoid chasing gains or panic selling. During the rebound to the $3040-$3060 range, consider a light short position, targeting a decline to $2980-$2950. Be sure to set strict stop-losses and manage positions lightly. After the Federal Reserve's decision is announced and the market clarifies its direction, follow the trend to adjust your positions. #金价突破5200美元 #内容挖矿焕新公测开启 #中东局势升级