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#ETH
ETH Current Market Post

The current price of ETH is around $2948, with a slight drop of 1.3% in the last 24 hours, just grinding in the narrow range of 2920-2950. The trading volume has shrunk significantly, and the entire market is lackluster with no direction!

Right now, macroeconomic headwinds are pressing down, the Federal Reserve has not softened its interest rates, and geopolitical risks have resurfaced. Funds are all flowing into gold for safety, and the crypto market is being drained. The fear index is low, and everyone is reluctant to take action. Even whale holdings are starting to diversify, with some positions moving to exchanges, creating some short-term selling pressure and anxiety.

Technically, there isn't much to say. All short-term moving averages are suppressive, with the middle band of the Bollinger Bands also stuck. The hourly and four-hour charts are all bearish, and there are no signs of stabilization.

In terms of operations, don't mess around! Don't try to go long without breaking 2950, and don't short unless it breaks below 2900. Keep your position strictly within 30%, and just wait for the U.S. unemployment data tonight for direction. If the data exceeds expectations, there's a good chance of a drop to 2900-2870; if it disappoints, there could be a rebound to 2950. Wait for clear signals before making moves, don't be the one to catch the falling knife!