Ethereum's current market is like a rocket going up!
From the bottom of $1800 directly to above $2600, this trend is smoother than Dove! But don't rush to shout "bull back", it is now stuck in the high-pressure area of 2600-2625, just like hitting the ceiling. If you can't get through this position, you will have to pull back in the short term!
Although the MACD histogram is still red, it is already shortening, indicating that the bulls are weakening. RSI exceeds 70, which is a signal of a high rise and fall! However, the MA10 line is still pressing the MA30 line, and the medium-term trend is not bad. But we must be vigilant about the divergence between volume and price. The price has reached a new high, but the trading volume has shrunk. This is like a rocket without fuel, which can't fly high!
The market is now saying that ETH is going to do something big! The United States may include it in the strategic reserve, and Hong Kong has approved ETFs with pledge functions. Big funds are pouring into the pledge track, with $1.2 billion flowing in in the past week! Especially for the top protocols such as Lido and EigenLayer, TVL has risen faster than blood pressure!
Pay attention to two key positions in operation: the support below is 1750, and if it falls below, it will see 1500; the upper pressure is 2600-2625, and if it stands firm, it will look to 2800! But don't blindly chase more, the trading volume is shrinking, and the bulls are beginning to hesitate.
If you have goods in hand, reduce your position near 2600 first, and then take it back after a breakthrough. If you want to enter the market, wait for the callback to around 2400 before taking action, and set the stop loss at 2350. Remember, the market sentiment is too hot, don't be a receiver! Especially for leveraged players, 100x contracts are a money printing machine if played well, and a meat grinder if played poorly!
Just like the tough guy last month, he had a principal of 5,000 dollars, and rolled to 50,000 dollars in three days, but he didn't stop profit, and finally the position was blown up to zero. This is the market, eating people without spitting bones! Therefore, it is a real skill to take the bag!
ETH's rebound is the result of policy + funds + sentiment resonance, but the short-term increase is too large and may be corrected at any time. Be careful in operation, don't make profitable orders into shareholders! Leverage is a spring, the harder you press, the more painful it will bounce!
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