The five-minute K-line of $ETH is really raising people's blood pressure!
In the morning session, the line opened at 2364.88 and was directly pressed down by the bears, with the 2360 support level as fragile as paper, plummeting straight to 2356.74. The actual fluctuation was only 0.34%, with a high of 2365.66 and a low of 2356.74, but this manipulation by the big players was quite sinister. The current market is characterized by four big words—bearish control! The BOLL middle track at 2383.72 is as hard as steel, and the price is oscillating around the lower track at 2358.77, with the trumpet mouth of UB2408.67 and LB2358.77 tightening even more than a belt, this kind of downward trend is more lethal than a waterfall.
The trading volume shrank to 338 million USD, failing to even touch the MA10 average volume line of 34.44 million, with outside funds all acting like fools. There are a few scattered orders hanging at 2356; this level of defense is not even enough for the big players to fill their gaps. The real danger zone on the daily line is 2350, and if there is a volume breakout that breaks through, it will definitely trigger a stampede among the bulls, with a 2320 spike script ready to play at any moment.
Now, buying the dip is equivalent to giving the big players a year-end bonus; these people are so skilled at drawing the door in the 2350-2383 range that it’s more familiar than breathing. The early wave of 'false breakout, real liquidation' has already educated a batch of naïve traders.
Significant bearish news: The news that the US SEC has delayed the ETH ETF decision has just landed, and on-chain monitoring shows 120,000 ETH whales transferring directly to exchanges, this wave of double ghosts knocking on the door directly pushed the fear index to 43.
The technical aspect is deadly—three crows are perched on the branches in the 4-hour chart, with the MACD playing a death cross below the zero axis, and the weekly-level adjustment has become a clear signal.
Contract players take note: leverage should not exceed 3 times, and stop-loss must be firmly in place; anyone who dares to bet on a V-shaped reversal will be the ATM for the big players. Spot traders, put away your dip-buying addiction; do not reach out unless the daily line stabilizes above the BOLL middle track of 2383.72. The big players' tricks are just two moves—either they shrink volume and grind down the bullish faith, or suddenly explode the volume to break through 2350 and create a liquidity black hole.
Remember, the guillotine in a bull market is not terrifying; what’s terrifying is this frog boiling in warm water market, specifically cutting the so-called smart gamblers.
If you currently feel trapped, helpless, and confused in trading, and want to learn more about the cryptocurrency space and first-hand cutting-edge information, click on my profile and follow me; this bull market will not lead you astray!
