This position at 2250 has been sideways for almost 12 hours, and the volatility is very low.
When I was watching, I had a feeling — it’s not that it can’t fall, but more like both bulls and bears are waiting for a signal. The three moving averages are stacked above, with 2299, 2302, 2304 in sequence. Under this structure, each rebound is suppressed. RSI is still around 45, neither oversold nor overbought, and the volume has shrunk to ninety percent of the average, in plain terms, participants are observing.
At this point, I would pay attention: if the volume continues to shrink, volatility will eventually increase. It’s hard to say whether it will go up or down, but once a clear volume breakout occurs in one direction, the market will move quite quickly.
Next, watch the battle around the 2300 integer level, and the change in volume at that position. If you don’t want to bet on the direction, just want to see who can’t hold back first.
ETH now is a bit abnormally quiet
This position at 2250 has been sideways for almost 12 hours, and the volatility is very low.
When I was watching, I had a feeling — it’s not that it can’t fall, but more like both bulls and bears are waiting for a signal. The three moving averages are stacked above, with 2299, 2302, 2304 in sequence. Under this structure, each rebound is suppressed. RSI is still around 45, neither oversold nor overbought, and the volume has shrunk to ninety percent of the average, in plain terms, participants are observing.
At this point, I would pay attention: if the volume continues to shrink, volatility will eventually increase. It’s hard to say whether it will go up or down, but once a clear volume breakout occurs in one direction, the market will move quite quickly.
Next, watch the battle around the 2300 integer level, and the change in volume at that position. If you don’t want to bet on the direction, just want to see who can’t hold back first.