In the crypto world, a day is like three months in the human world, but true veterans have always been the ones who quietly pick up chips while others panic and cut losses.” Dear family in the crypto circle, I am your Zhang Tianshi. Today, let's break down and discuss the 4-hour ETH chart in detail, combining the latest news from the industry to explain today's market logic thoroughly.
First, let's take a look at the current market: This morning, ETH dropped to a low of 2786 USD and quickly rebounded. It is now firmly standing on the 2800 USD support line, which is not a coincidence. From the 4-hour chart's RSI indicator, it has already touched the oversold edge at 29. The J line of the KDJ has turned upwards directly from a low position, similar to a spring that starts to rebound after being compressed to its tightest point. Looking at the Bollinger Bands, the price has been sticking to the lower band for almost a day, and the lower band has started to flatten out, indicating that the strength of the bears is quickly depleting, while the bulls are secretly gathering strength.
Based on the latest insider news, let's dig a little deeper: data showed yesterday that ETH whales quietly entered the market by spending 110 million dollars to buy up. This is not something retail investors can play with. And don't forget, this year the Glamsterdam upgrade of Ethereum is just around the corner, and the market has long been anticipating this upgrade that can boost TPS to 10,000. It's inevitable that funds are being allocated in advance. Another important piece of news is that on January 28, the domestic market has included virtual currencies in key research areas for the first time. Although there are regulatory expectations in the short term, in the long term, it puts the crypto industry on the table, which is a potential benefit for mainstream coins like ETH.
Let me give you an example: Last December, when ETH was at the support level of 2700 dollars, there was also an RSI oversold + whales entering the market, and it later rebounded directly to 3200 dollars. Many fans who followed my lead made profits. Today's situation is almost identical to that time — the support level holds, indicators bottom out, and funds enter the market. These three signals coming together mean that the probability of a rebound has already exceeded 80%. Personally, I judge that today ETH will likely fluctuate and rebound between 2800-2950 dollars, first touching the 2950 dollar resistance level. If it can stabilize there, the next push to the 3000 dollar mark will be a natural progression. Of course, if it rebounds to 2950 dollars but the volume doesn't keep up, it may also retest 2800 dollars to gather strength. This is all part of the normal market rhythm.
Lastly, let me say something from the heart: The crypto world has always been about 'the bold thrive while the timid perish,' but being bold doesn't mean charging in blindly; it's about being decisive after understanding the signals. Today, 2800 dollars is the opportunity the heavens have given us to get on board. I have already positioned long orders near 2810 dollars, with a stop loss set at 2780 dollars, aiming first for 2950 dollars.
Family, do you think ETH can smoothly touch 2950 today? Leave your thoughts in the comments, like and follow to keep up with the rhythm of the master, and let's make a fortune together in the crypto world!
Twelve years on the financial road, the exclusive secret of crypto pioneers: Insight into the market, steady progress. Follow the master to learn how to steadily increase value. In investment, risks and opportunities coexist; blind operations are a major taboo in the crypto world!
