ETH currently signals a "pin rebound"! The main force is secretly laying out these two key levels
Damn! ETH's recent decline is really well understood! This morning, it was suddenly smashed through the psychological level of 2500 down to 2502.10 (not the previous day's 2529), directly performing a "hell-level roller coaster" for retail investors. But the order book hides secrets — a large order supported the price just after the breakout, and MACD has shown a bottom divergence for three consecutive days, the bulls are holding back a big move for harvesting!
Latest on-chain data shows that 23,000 ETH were suddenly transferred to exchanges in the Asian market early in the morning, combined with the 4-hour RSI dropping to the oversold zone at 32, confirming this wave of inducement to empty the market. Focus closely on the 2550 resistance level, as this is the resonance zone of MA30 and the Fibonacci 38.2% retracement level. If it cannot break through, it will continue to act as a "sandwich cookie"; if it breaks out with volume, it can impact the rebound space of 2580-2600.
Currently hiding three deadly tricks: a 15-minute "morning star" reversal pattern has appeared, with open interest surging by 12%, but it is actually an institutional "fishing line" operation — using small amounts of funds to push the price up to lure in buyers, only to place large short orders above 2550 to harvest. It is advised to set a stop-loss below 2515; if it breaks, you must run!
Two deadly minefields: 1) Funding rates have dropped for 12 hours to -0.15%, and market panic levels are off the charts; 2) OKX spot is pressuring a sell order of $120 million in the 2500-2530 range, which is a "airborne refueling trap" set by the main force. The hardest strategy: gradually dollar-cost average below 2530, and add positions after breaking 2550; this is the correct way to eat meat against the trend!
Need help? Comment and leave a message to get support from a top team
I am KK God Coin, supported by a top team, only serving ambitious madmen (serious inquiries only)