ETH Bollinger Bands are shrunk to the limit, tonight will either surge or face a bloodbath!
ETH is about to change trends today! Either a huge surge or a steep drop, what should retail investors do?
Simple summary:
Price is stuck around 2675, caught in a dilemma
The rebound is getting weaker, a dump could happen at any time
Large funds are fleeing, don’t easily bottom fish
Key signals
1. K-line is getting weaker
Recent rebound high points: 2775 → 2710 → 2685 → 2675
Note: Every small increase is followed by a drop, the bulls are losing strength
2. Large funds are selling
Whales sold 95,000 ETH
Institutional funds have flowed out for 4 consecutive days
L2 tokens plummeted, market sentiment is poor
3. MACD indicator is weakening
Although it looks like it's going to rise, it’s actually a false signal
Low trading volume during pump, huge trading volume during dump
Retail investor survival guide
1. If your cost ≤ 2660
Now sell 20% first to prevent a sudden drop
Breaking below 2650, run away completely, don’t hesitate
2. If your cost is 2660-2720
Bounce back to around 2690 and sell half to reduce risk
The remaining watch whether 2650 can hold
3. If your cost ≥ 2750
Breaking below 2650, clear out directly, otherwise may be deeply trapped
Possible trends today
1. Inducement
If it suddenly spikes above 2700, don’t chase!
High probability of being tricked into entering, then dumped
2. Direct crash
Breaking below 2650 → could quickly drop to 2550-2520
The key depends on the opening of the US stock market tonight
If you want to make money, don't be a lone warrior! Follow me, comment and tell me your thoughts, let's seize the profit opportunities in the bull market together
