ETH Today's Trend Analysis - Institutions Pouring Money, Retail Investors Celebrating, But Don't Let FOMO Cloud Your Judgment!
Brothers, ETH is more thrilling today than a roller coaster! This morning it surged to $2650, hitting a year-high, and this afternoon it directly 'plunged' to $2507, with a swing of over 200 points causing the futures market to explode with $125 million in volume, a battle of longs and shorts more exciting than a palace drama! This market is like chives at a barbecue stall—looks tempting, but one moment of inattention and it can get burnt!
1. Technicals: Bulls Raise Flags, But Their Legs Are Shaking
1. Bollinger Bands Are Boasting: The 4-hour chart shows prices sticking to the upper band, with the MACD still breathing, but the KDJ's J value has hit 90, looking like a burly man who just downed two bottles of baijiu—looks fierce but could vomit at any time. However, the RSI is still around 65, not in the overbought zone, indicating there’s still some breathing room.
2. Volume Is Playing Tricks: Although the single-day trading volume surged to $3.149 billion, it shrank when the price was pushed up and expanded when it was pushed down, clearly indicating that the manipulators are playing 'false signals'. On-chain is even funnier: while the big whales are crazily buying at $2400, they are simultaneously placing short orders at $2650. This maneuver is faster than a Sichuan opera face-changing act!
2. Funds: Institutions Are Spreading Cash, But Retail Investors Shouldn't Be Bag Holders
ETF Becomes a Cash Cow: BlackRock's ETHA attracted $47 million yesterday, and the total holdings of 9 ETH ETFs in the U.S. have piled up to $6.65 billion. These institutions are more aggressive than old ladies snatching gold! But be cautious—they have their cost line around $2400, so chasing the high now is just lifting the sedan chair for the capitalists! New Tricks in Staking: 35% of ETH is locked in staking contracts earning interest, with yields more appealing than bank wealth management, but unlocking the stake requires waiting for the Pectra upgrade, so be careful not to fall into a 'liquidity trap' when jumping in!
ETH now is like a newly discharged tycoon from ICU—looks radiant but is actually very weak! Keep an eye on two critical points: the upper level of $2650 is the bears' coffin board, while the lower level of $2400 is the bulls' protective shield. Breaking either side could lead to significant moves!
Are you trapped? When to buy the dip? As always, if you're confused and don't know what to do, hit me up in the comments. I need fans, you need references.
Intraday: BTC PEPE
