Overnight, driven by the strength of Bitcoin, the second-largest coin saw increased volume and a sharp rise, breaking through 3000 in one go, with a high of 3035. After the momentum weakened, it retraced for correction and is currently consolidating around 3015.
From the 4-hour structure, the short-term bulls have indeed completed a volume-driven push, but after breaking the upper band, the price failed to extend effectively, followed by a bearish retracement, indicating weak support at high levels. The MACD lines are now crossing in a bullish manner after consolidation, but the KDJ has clearly entered the overbought zone, and upward momentum is beginning to fade.
In terms of strategy, avoid chasing highs and wait for a pullback confirmation. Watch the resistance in the 3020–3040 range above; if the rebound faces resistance, consider short positions. Below, first watch 2950, and further support levels around 2900. #中东局势升级 #GameFi板块强势反弹 #美联储利率决议临近 $ETH
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Overnight, driven by the strength of Bitcoin, the second-largest coin saw increased volume and a sharp rise, breaking through 3000 in one go, with a high of 3035. After the momentum weakened, it retraced for correction and is currently consolidating around 3015.
From the 4-hour structure, the short-term bulls have indeed completed a volume-driven push, but after breaking the upper band, the price failed to extend effectively, followed by a bearish retracement, indicating weak support at high levels. The MACD lines are now crossing in a bullish manner after consolidation, but the KDJ has clearly entered the overbought zone, and upward momentum is beginning to fade.
In terms of strategy, avoid chasing highs and wait for a pullback confirmation.
Watch the resistance in the 3020–3040 range above; if the rebound faces resistance, consider short positions. Below, first watch 2950, and further support levels around 2900. #中东局势升级 #GameFi板块强势反弹 #美联储利率决议临近 $ETH