ETF benefits delayed, technicals stuck in low volume - ETH is gaining strength in the calm before the storm!
[News: Three major bearish pressures]
ETF delay tactic: US SEC is "playing Tai Chi" with Ethereum ETF approvals, BlackRock and other institutions have slim hopes of approval in May, whale funds continue to watch, market patience is wearing thin.
Inflation ghost reappears: US April PPI inflation rebounds beyond expectations, Fed interest rate cut expectations plummet, high-risk assets generally under pressure, and the crypto circle is no exception.
Regulatory knife-risk: SEC chairman insists "most tokens are securities", ETH may be hit by regulatory actions at any time, project parties accelerating chip sell-off (recently a DeFi protocol transferred 20,000 ETH to exchanges)
[Technical: Triangle convergence awaiting a drop]
Bollinger Bands "suffocation": 4-hour Bollinger Bands have narrowed to 0.99% (historically the narrowest range), 2612 is the life-and-death line for bulls and bears - three consecutive attempts to break 2634 have failed, with clear mid-band pressure.
MACD impotence: seems like a golden cross but the red bars are shrinking (bar value only 4.14), upward momentum exhausted, death cross imminent.
Volume betrayal: volume shrank as it hit 2634, clear signs of main force unloading.
Operation summary
Direction: overall trend is bearish (target 2550→2400)
Strategy:
Open short around current price 2611 (stop loss 2635)
Short on break below 2608, adding positions to target 2550.
If there is a rebound to 2680-2700, initiate a second short (strong resistance area on weekly chart)
Cutting loss alert: set a limit order at 2580 to take half profit, remaining to target 2400!
ETF delay + inflation counterattack + technical death cross resonance - the bears have signaled a full retreat, will you choose to follow the trend or go against it? Follow me to accurately seize the bottom-fishing opportunity.
