#ETH走势分析 It's worth keeping an eye on the data at 23:00 Beijing time tonight—the US September Core PCE Price Index year-over-year will be released, with market expectations at 2.9%. This data has always been a key indicator for the Federal Reserve's monetary policy direction. In addition, Bank of America has hinted that the Bank of Japan may raise rates to 0.75% in December, and could continue to hike every six months thereafter, which would significantly impact capital flows in Asia.
A few other news updates: BGB is now listed on Coinone, Korea’s third largest exchange; Aster has just burned 77.86 million repurchased tokens; Bitmine reportedly moved another 42,000 ETH into its wallet about 5 hours ago.
On the charts, $BTC stalled after rebounding to around the 94,000 daily lifeline. This is a critical spot—without a breakout on strong volume, there’s an 80% chance of a pullback on the four-hour chart. Currently, the four-hour moving averages have turned down, and the MACD is showing signs of a bearish crossover. Watch to see if the 91,000 four-hour lifeline can hold. If it breaks, the next support levels are at 89,400 and 88,500. Resistance is at 93,300 and 94,000.
$ETH has been rallying hard on upgrade expectations, only pausing near the 3,200 lifeline, showing a bit more strength than BTC. However, both the four-hour and hourly charts are starting to weaken, suggesting a short-term correction. Support levels are at 3,060, 2,968, and 2,910, with resistance at 3,200 and 3,260.
My personal view is that technical indicators suggest this move is just a daily-level rebound, not a trend reversal. If you caught this move with short-term positions, you should consider taking profits near the lifeline resistance—don’t get greedy. Locking in gains is the right approach.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
13 Likes
Reward
13
7
Repost
Share
Comment
0/400
MetaDreamer
· 9h ago
Wait, is Bitmine buying the dip again? 42,000 ETH, man, that's quite a move... I feel like institutions are betting on some information.
View OriginalReply0
ProofOfNothing
· 12-05 05:55
Damn, it's another night of staying up late to watch the data... I have to stay up for that 11PM PCE release. If the Bank of Japan really raises to 0.75%, the Asian session is going to explode.
View OriginalReply0
LiquidationKing
· 12-05 04:20
Bullish on this ETH move, but 3200 really is a hard resistance... If it can't break through, we’ll have to prepare for a drop.
View OriginalReply0
rugpull_ptsd
· 12-05 04:19
The data at 11 PM is really crucial. If the PCE doesn’t meet expectations, the crypto market will blow up again... Also need to keep an eye on the Bank of Japan’s rate hike—where money flows in Asia will directly impact the market.
BTC at 94,000 is really frustrating. Without volume, it’s just a fake breakout. Most likely, it’ll drop further. If 91,000 can’t hold, it’ll be really awkward.
ETH’s rally from the upgrade hype seems a bit overdone. As soon as it touches 3,200, it softens. Feels like it’s safer to reduce positions in the short term... Don’t overtrade, take profits while you can.
View OriginalReply0
GamefiEscapeArtist
· 12-05 04:10
The data for 11 PM is about to be released. This rebound is probably over... BTC is losing momentum at 94,000, and it feels like another pullback is coming. I think if it drops below 91,000, it will be risky.
View OriginalReply0
TopBuyerBottomSeller
· 12-05 04:10
Trying to fleece me again? You can't even break through that key level at 94,000, and you still want a reversal... what a joke.
View OriginalReply0
BlockchainTherapist
· 12-05 04:09
The data at 11 PM is crucial. If the PCE is not below 2.9, it's time to worry—it'll be another "Fed hawkish show." The Bank of Japan is also stirring things up, and the liquidity situation is really about to change.
#ETH走势分析 It's worth keeping an eye on the data at 23:00 Beijing time tonight—the US September Core PCE Price Index year-over-year will be released, with market expectations at 2.9%. This data has always been a key indicator for the Federal Reserve's monetary policy direction. In addition, Bank of America has hinted that the Bank of Japan may raise rates to 0.75% in December, and could continue to hike every six months thereafter, which would significantly impact capital flows in Asia.
A few other news updates: BGB is now listed on Coinone, Korea’s third largest exchange; Aster has just burned 77.86 million repurchased tokens; Bitmine reportedly moved another 42,000 ETH into its wallet about 5 hours ago.
On the charts, $BTC stalled after rebounding to around the 94,000 daily lifeline. This is a critical spot—without a breakout on strong volume, there’s an 80% chance of a pullback on the four-hour chart. Currently, the four-hour moving averages have turned down, and the MACD is showing signs of a bearish crossover. Watch to see if the 91,000 four-hour lifeline can hold. If it breaks, the next support levels are at 89,400 and 88,500. Resistance is at 93,300 and 94,000.
$ETH has been rallying hard on upgrade expectations, only pausing near the 3,200 lifeline, showing a bit more strength than BTC. However, both the four-hour and hourly charts are starting to weaken, suggesting a short-term correction. Support levels are at 3,060, 2,968, and 2,910, with resistance at 3,200 and 3,260.
My personal view is that technical indicators suggest this move is just a daily-level rebound, not a trend reversal. If you caught this move with short-term positions, you should consider taking profits near the lifeline resistance—don’t get greedy. Locking in gains is the right approach.