From a data perspective, Ethereum's recent performance has actually exceeded market expectations. As of April 7, it has achieved the largest rise among mainstream Crypto Assets, which is an undeniable fact.
Technical analysis shows that Ethereum has entered a 63-hour continuous consolidation period, and the Bollinger Bands indicator on the 1-hour time frame has completed a significant contraction, which usually indicates that the market is about to experience a large fluctuation.
It is worth noting that the current price range of Ethereum around 2530 USD corresponds exactly to the high point of the rise on May 10. Similarly, the current price level of Bitcoin at 105300 USD is also close to the peak of the rise on May 10.
The overlap of this key price level is unlikely to be just a simple coincidence, but may suggest that the market is about to form a new directional breakthrough. At this critical moment, investors should closely monitor the price trends and trading volume changes of these two major crypto assets.
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PumpStrategist
· 9h ago
Rebound quick consolidation
Reply0
SmartContractPlumber
· 10h ago
Beware of fork vulnerabilities
Reply0
GasOptimizer
· 10h ago
Fluctuation range is accurate.
Reply0
TommyTeacher1
· 10h ago
Bullish, about to break through the resistance level
Reply0
BearMarketMonk
· 10h ago
The cycle of reincarnation will eventually change.
From a data perspective, Ethereum's recent performance has actually exceeded market expectations. As of April 7, it has achieved the largest rise among mainstream Crypto Assets, which is an undeniable fact.
Technical analysis shows that Ethereum has entered a 63-hour continuous consolidation period, and the Bollinger Bands indicator on the 1-hour time frame has completed a significant contraction, which usually indicates that the market is about to experience a large fluctuation.
It is worth noting that the current price range of Ethereum around 2530 USD corresponds exactly to the high point of the rise on May 10. Similarly, the current price level of Bitcoin at 105300 USD is also close to the peak of the rise on May 10.
The overlap of this key price level is unlikely to be just a simple coincidence, but may suggest that the market is about to form a new directional breakthrough. At this critical moment, investors should closely monitor the price trends and trading volume changes of these two major crypto assets.