7.24 Jack afternoon—two big pie plate analysis


The plate’s early period bottomed out at 1863.68, then moved into a round of sustained rebound. Prices rose steadily, multiple moving averages同步向上, and the bullish trend is very clear.
After pushing up to 1881.42, where the stage high was formed, it failed to continue breaking upward. It then entered a high-range sideways consolidation zone, with the price repeatedly fluctuating around 1880. The magnitude of up-and-down moves narrowed.
At present, the price is moving closely along the moving averages; the short-term moving averages provide support, but the 1881 previous high above exerts obvious pressure. Repeated attempts have not been able to hold a breakout. #Ethereum #二饼
ETH-1.94%
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BlockWatcher
· 4h ago
This kind of high-level, narrow-range oscillation is the most grinding; after the moving averages converge, a breakout is likely to follow. It will either break upward with volume to push through 1881 and open up new room, or pull back to around 1850 to build momentum again. Personally, I lean toward waiting for a dip to go long for a more stable setup.
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PlanB_Researcher
· 4h ago
The bullish trend hasn’t broken, but there are plenty of lessons from how a long sideways range inevitably leads to a drop—wait until the direction is clear before making a move.
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GameFiMiner
· 4h ago
1881 is like a hurdle—stand firm before talking about a breakout.
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