Ethereum 2878 Stunning Reversal! Major Withdrawal Signal Exposed, Keep an Eye on This Life-and-Death Line
Today's K-line has definitely made a lot of people break out in a cold sweat!
Ethereum surged strongly to 2878, and from a technical perspective, it is very close to the previous high position. But don’t celebrate too early; after three consecutive attempts to break through, a large bearish candlestick has directly pierced the middle Bollinger band, confirming the top formation!
Top structure is clear: 2878 forms a standard M-top, with major players enticing retail investors three times, but failing to break through and instead reversing sharply.
Bollinger lower band has been breached: The entire decline is progressing along the lower Bollinger band, with bearish momentum continuing to be released.
Contraction triangle & shark mouth pattern appears: Consolidation, volume exhaustion, and major players have exited, currently in a short-term oscillation game area.
Upper resistance level: 2800 USDT, if it can't break through, it's a rebound to entice buyers, a short opportunity.
Lower support level: 2751, if breached, it will lead to a technical breakdown, opening up a new round of adjustment space.
Current central area: Oscillation zone around 2766, after narrow consolidation, it may choose a direction.
For those trading short-term, consider shorting lightly around 2800, targeting the 2755-2740 range.
Conservative traders can wait for a break below 2750 before shorting to avoid washout risks.
If the price reestablishes above 2800 and stabilizes with volume tonight, bears need to immediately take profit or switch to long.
In our group, we directly laid out a short position at the high of 2870, precisely timed, and many brothers have already started to take profits. Big market movements come wave after wave, but not everyone can read the charts and catch the right rhythm.
