What to do with ETH right now? Explained in three sentences
I figured out the key from this chart in 5 seconds: ETH just surged to $2738 and was immediately hammered down to $2414, now it's stuck at the critical line!
Remember these three numbers:
If it can't hold $2380, it will plummet (the yellow line at 1916 is the 30-day moving average, and the current price of 2414 is hovering above it, but below $2380 there are 230,000 addresses looking to buy the dip)
If it breaks $2500 with volume, blindly chase it (the MA7 moving average at 2071 has just golden crossed, and the whale's cost line is in the $2400-$2500 range)
RSI 38.5 is a buying signal (every time it drops to 30, it rebounds, and now there's only an 8% drop space left)
Operation guide: Set a stop-loss order at $2380 with the current price of $2414, and increase your position if it breaks $2500! The whale has placed a $1.2 billion short position on Binance, and after this wave, it should at least push to $2600.
Keep an eye on Coinbase premium at 8 PM tonight, if the premium exceeds 1.5%, go all in! Don't get caught up in those fancy indicators, just remember these three points and that’s enough for you to ride the wave.