5.9 Ethereum Violently Breaks Through!!
Ethereum's recent moves are ruthless! To put it bluntly: the 2000 level has been pierced today, but don't rush in blindly; be careful of the market makers cutting retail investors!
First, let's talk about the hard facts on the chart:
The price just smashed through the 2060 resistance level; this is like taking the first city gate in a siege, but there's still the ultimate BOSS at 2200 waiting above. The MACD has exploded into a red column, but the four-hour chart has already surged into the "overbought zone," like a car with the accelerator fully pressed down, ready to hit the brakes at any moment.
The market makers' tactics are clear now: they have been stalling for half a month without a rise, just waiting for retail investors to capitulate. Now they suddenly pull up, clearly taking advantage of your fear to chase. But remember—after a violent surge, there must be a dip; the more aggressive the morning surge, the harder it may crash in the afternoon!
My painful real-world experience:
Last month, ETH violently jumped from 1800 to 2000, then the next day it plunged to 1750; those who chased the rise then are now left with nothing. This market maker's strategy is exactly the same: first, they explode the shorts, then they harvest the longs. We need to be smarter—breakouts aren't the end, pullbacks are the key!
Today's trading mantra:
Don't get excited with a 2075 breakout: only if it stabilizes at this position can it be considered a true breakout; if it's a false breakout, the reversal could be a waterfall. For those with orders, remember to set your stop loss at 1980. 2000-2020 golden pit: if it pulls back to here, buy spot with your eyes closed; for contracts, set a 30-dollar stop loss for 78 dollars profit.
2130-2160 death zone: if it reaches here, reduce your position; the previous high of 2200 is filled with countless trapped orders, don't think about grabbing the last bite of meat.
Latest whale movements:
On-chain data shows whales are madly offloading between 2050-2100; these guys are pulling up while withdrawing, but there’s good news: institutions like BlackRock are eating up ETH through ETFs, indicating there’s still potential for the long term.
Survival guide for ordinary people:
Spot traders should hold steady and not move; if the market makers are washing out, just pretend you didn’t see it. Contract traders must remember to take stop losses; a 30-dollar small stop loss can bring 100 dollars in profit—this trade is worth it, and don’t go against the trend! The current trend favors the bulls; shorting is like giving a year-end bonus to the market makers.
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