“The Legend of the Crypto World Reappears!!! Precise Short Selling of ETH, Share Pictures to Witness the Miracle of Profit”
From a technical analysis perspective, the MACD indicator for ETH has formed a death cross, reflecting a gradual weakening of market momentum, with a lack of upward drive in the short term. In addition, the pressure from the upper Bollinger Band remains strong, hindering the bullish momentum, which has failed to break through key resistance levels.
On the macro front, the Federal Reserve's dot plot indicates that there could be two rate cuts in 2025. Although this expectation has caused market fluctuations in the short term, the market shows that this news has already been digested in advance. Notably, the recent market lacks pin bar movements, which may suggest that the main funds have gradually withdrawn, leading the market into a stock game.
Overall, the downside risk for ETH is accumulating, especially in the context of a lack of significant positive driving forces, and the market's long and short game is becoming cautious. Short-term investors need to guard against volatility risks, while long-term participants should focus on changes in the fundamentals of the Ethereum ecosystem to find better layout opportunities.
For more in-depth analysis and market dynamics, stay tuned to the Master Column, where we take you to uncover the truth behind the market trends!
