Big G's quick report on ETH's future:
Brothers, stay alert! ETH is currently playing a heartbeat game at $2400, having just completed a rollercoaster ride from a high of 2736 to a low of 2322. These signals must be fixed on the screen:
Technical analysis: The price is firmly pressed by the middle band of the Bollinger Bands at 2539, and the MACD green bars are still diving downwards, indicating that bulls are currently weak. The lower band around 2439 might bounce a bit, but remember the two critical support levels—2539 above is the air force headquarters, and 2322 below is the last line of support.
On-chain news: Large wallets have been secretly accumulating, while small investors are frantically cutting losses, indicating that the veterans are waiting for an opportunity, but the market sentiment is currently like a startled bird. The four-hour chart has just completed a guillotine pattern, and market manipulators might be up to something again!
News bomb:
The SEC's attitude towards the Ethereum ETF could explode at any moment.
Progress on Cancun upgrades, favorable expectations.
Will Grayscale crash the market this week?
Watch the movements of large funds when the US stock market opens, with a focus on Friday.
Especially if Bitcoin ETF funds continue to flow out, the entire crypto circle will tremble.
Trading strategy: Experienced traders should take 5%-10% of their position to play high and low between 2380-2439. Remember, 2350 is the stop-loss red line; if broken, cut losses immediately. Beginners should refrain from acting impulsively, waiting for two signals: either a breakout above 2539 with volume or a sharp drop below 2322 to enter and pick up the pieces. Those with heavy positions should quickly reduce leverage; the market manipulators have recently become addicted to midnight needle pricks!
Critical moment: The period around the opening of the US stock market this Friday is a decisive time, as large institutions love to carry out sneak attacks at this time. Remember, the current market sentiment is a long-short ratio of 0.81, with bears still holding the advantage—don't be fooled by false rebounds!
Latest data: 3.27 million dollars liquidated in the last 24 hours, with long positions accounting for 44%. On-chain whales increased their holdings by 120,000 ETH, but the exchange inventory increased by 8%, indicating that someone is quietly stocking up.
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