$ETH I am Zhou Yi. This morning when I opened the market, the hourly chart of ETH caught my eye — the MACD has turned from a death cross to a golden cross! But the market is clearly still falling; is this a smokescreen from the market makers or a real signal before a trend change? Don't rush, let me explain slowly.#ETH走势分析
News front: a mix of good and bad, who will dominate?
The Ethereum Foundation transferred 1000 ETH (about 3.12 million USD) — this is easily interpreted as an 'official reduction', with short-term sentiment leaning bearish.
However, BlackRock's ETHA has seen a net inflow of 222.9 million USD for two consecutive weeks — large funds are quietly bottom-fishing ETH, contrasting with the outflow of Bitcoin funds!
BlackRock deposits a large amount of BTC and ETH into Coinbase—this could be market-making or arbitrage, not necessarily indicating a bearish sentiment.
Conflicts in news indicate significant market divergence, which is a precursor to a trend change.
Technical Analysis: Is the 'golden cross' during the downturn real or not?
From the hourly chart, ETH is indeed moving down overall, currently pressed below 3130. However, looking closely at the MACD, the white and yellow lines have surprisingly turned from a death cross to a golden cross below the zero axis! This is technically a short-term rebound signal, but don't celebrate too early—because it happened below the zero axis, the strength may be limited.
I have marked the key positions clearly for everyone:
Upper pressure: 3130 (intraday pressure), 3270 (retracement pressure)
Lower support: 3000 (bull-bear dividing line), 2850 (intraday support), 2670 (strong rebound support)
In simple terms, if it breaks 3130, it may test 3270; if it falls below 3000, 2850 or even 2670 could be seen.
Yijing Perspective: A short-term rebound is expected, but caution is still needed for the medium term.
ETH is likely to follow a script of 'first rebounding, then under pressure' today.
The MACD golden cross will drive a wave of upward testing towards 3130, but if the volume does not keep up (currently the volume is shrinking), it is very likely to encounter resistance and fall back within the 3130-3270 range.
The real strong support is near 2670; if this downtrend continues, that is where the strong support will be.
Yijing's strength is not about boasting or making empty promises, but teaching you practical survival skills. Follow Yijing, and fans who want to keep up should find Yijing Village, where Yijing announces entry and exit points daily!
