“Crypto legend reappears!!! ETH precise short selling, sharing pictures to witness the miracle of profit”
From a technical analysis perspective, the MACD indicator for ETH has formed a dead 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 bulls' advance, failing to break through key resistance levels.
On the macro front, the Federal Reserve's dot plot indicates that there may be two rate cuts in 2025. Although this expectation has led to market fluctuations in the short term, the market shows that this news has already been digested in advance. It is noteworthy that the recent market has lacked significant upward and downward pin movements, which may suggest that major funds have gradually exited, and the market has fallen into a game of existing stocks.
Overall, the downside risk for ETH is accumulating, especially in the context of a lack of significant positive drivers, leading to a cautious market tug-of-war. Short-term investors need to guard against volatility risk, while long-term participants can focus on changes in the fundamentals of the Ethereum ecosystem to find better positioning opportunities.
For more in-depth analysis and market dynamics, stay tuned to the expert column, bringing you insights into the truth behind the market trends!
