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- 🗒 Gate.io Suggested Topics Posting Event: #NFP Data Release#
✍️ Please include the topic #NFP Data Release# in your post
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The Non-Farm Payroll (NFP) data is set to be released on May 2nd. As a key economic indicator, it often has a significant impact on market sentiment. How do you think this upcoming report will influence the crypto market’s direction? Are you bullish or bearish?
Post with the hashtag #NFP Data Release# to share your insights or analysis to share the $50 reward pool!
⏰ Event Time: April 30, 4:00 AM - May 1, 4:00 AM (UTC)
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The market is consolidating at a high level, leaning towards long positions, and the top structure hasn't appeared yet. Bearish traders are temporarily without hope. Be careful, especially since ETH is at the bottom structure. Those who are shorting must be cautious as the monthly K line is about to close. Let's take a break for a few days and wait for the structure to emerge to continue. Wishing everyone a happy May Day in advance!
• Mid-term trend: On the daily chart, Ethereum is in a range-bound oscillation pattern, with the main fluctuation range being $1760-$1850. The Bollinger Bands are narrowing, and volatility is decreasing, which may be brewing a directional breakout, but currently, there are no clear breakout signals. However, on the four-hour chart, a bull flag pattern has formed, targeting $2100, suggesting significant upward potential in the mid-term.
• Long-term trend: Some experts and institutions are optimistic about Ethereum's long-term price. Predictions suggest that with market development and further institutional recognition, Ethereum may see significant price growth in the coming years, with some opinions indicating that it could reach $10,000-$12,000 by 2030.