ETH Today's Trend
After a surge, a washout is inevitable. This wave of ETH's rise is just a bait card issued by the market makers—first, they let you enjoy for three days, then they make you cry for three years!
Bollinger Band Manifesto: The ceiling is pressing down, the main force is caught in a trap
The current price is stuck at $2485, just $250 away from the previous high of $2738, and the Bollinger Bands have quietly narrowed to a thread. This situation is exactly the same as the playbook before last year's Shanghai upgrade: the price rubs against the ceiling for three days, then a needle pierces through the middle line.
Veteran Driver's Note: The middle line at $2400 is a line of life and death; if broken, it directly enters the "market maker's happy selling mode". The market is even more exciting—there are sell orders worth $3.91 million above $2485, enough to smash the price down to $2300.
MACD Explodes: Death Cross has appeared, energy bars are deflating
The price is still playing dead at $2485, but MACD has already spilled the beans:
The fast line crosses below the slow line, a classic death cross.
The energy bars have shrunk to the size of chives for six consecutive bars.
This script is identical to the one before the crash in August 2023, when it dropped 28% in three days.
What's worse is the capital flow: a net outflow of $3.94 million, combined with Grayscale ETHE's discount of -1.98%, clearly shows that big players are withdrawing and fleeing.
Market Manipulation: The market makers have laid a trap
The order book hides a big killer:
There are sell orders worth $3.91 million above $2485
Buy orders below $2400 are as thin as paper; the market makers are just waiting to play "stampede art" when they smash the market.
This operation is similar to the playbook before the May sell-off by Vitalik; first, they use fake orders to trick retail investors into taking the bait, then hit the nuclear button to $2300.
Operation Guide: Escape Routes for Veterans
Spot Traders: Place sell orders at $2550 in batches to escape; if it breaks below $2400, clear the warehouse directly. Remember: the market maker's bait will only hang up to $2500.
Contract Traders: Short at the current price of $2485, targeting $2300. Leverage ≤ 3x, be careful of midnight spikes that could blow your head off.
Believers: Close the app and go lift weights, silently repeat "a sharp drop in a bull market is a blessing," and wait until the weekly line stabilizes above $2400 to add to your position.
Ending Hook
Keep a close watch on the perpetual funding rate of Coinbase tonight; if it exceeds 0.15%, it could replicate the disaster of 5/19. Remember: sharp drops in a bull market specifically target greedy fools; save your bullets for the defense battle at $2300!
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