Breaking News! ETH Shows Reversal Signal, 1960 Becomes Critical Life-and-Death Line

Just finished monitoring the market, ETH 1-hour K-line chart releases a strong signal, indicating that a major rally may be imminent. Although ETH has experienced a significant decline recently, there are hidden clues behind it. Retail investors, don’t panic—listen to the detailed analysis.

On the news front, Bloomberg Intelligence senior strategist Mike McGlone believes that the Iran situation may trigger a US recession, leading to a pullback in the crypto market, but this is merely a correction of an overextended rally. Currently, US stocks are at high levels with low volatility. Once volatility rises, capital flow becomes worth watching. The macro risk-averse sentiment is heating up, and after a correction, crypto assets have become a value vacuum. The rapid rise in oil prices often aims to clear out short positions and stimulate supply, which may actually accelerate recession expectations and push for easing policies. This is a medium-term positive for the crypto market. Therefore, the current decline is mainly driven by the main players using the Iran situation to shake out weak hands, aiming to remove the indecisive traders so they can go all-in later. So, on the news front, it may seem bearish, but in reality, it’s a “smoke screen” for the main players to accumulate positions. Retail investors should not be fooled into selling.

On the technical side, bullish signals are obvious. In the MACD indicator, the yellow and white lines are strongly pushing above the zero axis, which is a typical bullish turnaround signal, and the bullish divergence at the bottom has ended. The bulls are about to attack. After breaking through 1960, the price consolidates and stabilizes. This level has shifted from strong resistance to strong support. The first resistance above is at 2015. Once stabilized, the target is directly at 2100. There is also a support at 1900 for a pullback, and 1850 is a solid bottom. Meanwhile, recent trading volume has increased, and a volume breakout pattern has appeared, indicating capital is flowing back.

In terms of operation, this is a golden window for phased building of positions. You can buy in batches between 1960 and 2005, with a stop loss at 1900 and take profit at 2100. If the price breaks through 2015 and pulls back to 1960, add to your position. Overall, ETH’s recent decline is just a normal correction within an upward trend. After breaking through 1960, a consolidation breakout pattern has formed, and the subsequent move is likely to test the 2015 resistance and push towards 2100. The pullback is an opportunity to buy in, so stay bullish! #哈梅内伊之子当选伊朗领袖 $ETH