Although there was a slight inflow into Ethereum's ETF last night, overall momentum remains lacking. The market rebound has been hovering around 2965 and has not effectively broken through this key resistance level. The US stock market has not provided strong support, and the expectation for the day remains mainly for sideways trading.
From a technical perspective, the current lack of volume is a clear signal. Under this background, risk appetite has already cooled significantly. The bearish momentum is gradually building up, and in the short term, the market is expected to continue its weak trend.
The performance of XRP and SOL is also similar, both waiting for direction confirmation. It is recommended to focus on the 2965 level; once it breaks below, the next move could have more room.
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LayerZeroHero
· 9h ago
With such weak volume, breaking through 2965 is just wishful thinking... The fact proves that if the US stock market doesn't cooperate, it's a dead end.
If it falls below 2965, I'll cut my position. There's no need to wait for a "more substantial" decline. When risk appetite cools down, you must decisively cut losses.
XRP and SOL are both in the same boat, still fighting over direction. It might be better to study the security risks of cross-chain bridges... at least you can learn something.
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TestnetNomad
· 9h ago
2965, if we can't hold the line, we need to be prepared for a breakdown. The sluggish trading volume is really pointless.
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SmartMoneyWallet
· 9h ago
Once this barrier at 2965 is truly broken, the true distribution of chips will be revealed. For now, large funds are still suppressing the market.
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CounterIndicator
· 9h ago
2965 can't be broken, it's just a joke. This time, I really feel there's no hope.
With such weak volume, I've already been bearish.
XRP and SOL are both lying flat, it's uncomfortable.
The US stock market is not cooperating well, enough said, it's all tears.
Just wait for the breakdown, it's only a matter of time.
Although there was a slight inflow into Ethereum's ETF last night, overall momentum remains lacking. The market rebound has been hovering around 2965 and has not effectively broken through this key resistance level. The US stock market has not provided strong support, and the expectation for the day remains mainly for sideways trading.
From a technical perspective, the current lack of volume is a clear signal. Under this background, risk appetite has already cooled significantly. The bearish momentum is gradually building up, and in the short term, the market is expected to continue its weak trend.
The performance of XRP and SOL is also similar, both waiting for direction confirmation. It is recommended to focus on the 2965 level; once it breaks below, the next move could have more room.