The crypto assets market is changing rapidly, and the latest trends of Ethereum (ETH) have attracted the attention of investors. By analyzing the hourly Candlestick Chart of ETH and the capital flow data, we can gain deeper insights into the true state of the current market.



The ETH price is currently hovering around $4320, which seems to have become a strong resistance level. Multiple attempts to break through have been unsuccessful, reflecting a relative lack of buying power. From a technical perspective, the short-term moving averages are being pressed down by the mid-term moving averages, which is usually interpreted as a signal of weak short-term momentum.

However, relying solely on price charts for analysis is not comprehensive enough. The capital flow data provides us with deeper market insights. The latest capital flow report shows that the net outflow of main funds reached $421 million within 24 hours, which is quite an astonishing figure. The withdrawal of large funds is often seen as an important indicator of market confidence.

It is particularly noteworthy that during the time period from 22:00 to 00:42, the outflow of funds exceeded the inflow, with a net outflow of approximately 84 million USD. This phenomenon of accelerated outflow before the end of the trading day may indicate that investors have a cautious attitude towards the short-term market outlook.

In the face of such market conditions, investors need to stay alert and closely follow market trends. However, it is also important to remember the high volatility of the crypto assets market, as current trends can change rapidly. Before making any investment decisions, in-depth research and comprehensive analysis remain essential.

Regardless of how the market changes, maintaining a rational and objective attitude, and avoiding emotional decisions, is a wise move to cope with the complex and ever-changing crypto assets market.
ETH-0.38%
View Original
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.
  • Reward
  • 5
  • Repost
  • Share
Comment
0/400
VitaliksTwinvip
· 08-22 02:55
Already did a Rug Pull.
View OriginalReply0
HashBanditvip
· 08-21 17:49
lmao back when i was mining eth these paper hands wouldn't survive a day... network congestion tells the real story tbh
Reply0
MissingSatsvip
· 08-21 17:47
Pro wants to trap retail investor?
View OriginalReply0
DeFiChefvip
· 08-21 17:43
Who still uses technical analysis to look at the market? Just follow the Large Investors and you're good!
View OriginalReply0
MEVHunterNoLossvip
· 08-21 17:28
The market maker has started dumping.
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)