"There’s nothing new in the crypto world; candlesticks are just an electrocardiogram of human greed and fear." — Today, ETH has been repeatedly rubbing around $2531, like a fish being pressed on the chopping board, jumping a couple of times only to be hammered back down. But old investors understand: these moments often hide signals for a trend change! (Combined with today’s US CPI data release), we need to scrutinize the market closely.

Market analysis: Bulls and bears are both waiting for a breakout

  1. Technical analysis: The Bollinger Bands are converging like a 'starving wolf clamping its tail'
    Currently, ETH is stuck below the middle line of the Bollinger Bands (at $2583), with the upper band at $2763 like a ceiling, and the lower band at $2402 being the 'gate to hell'. The MACD green bars (bullish energy) just popped out but were quickly snuffed out by bears, and the two lines of DIF and DEA are lying dead below the water (below the zero axis) — this market is like 'constipation'; without breaking the middle line, it's a slow death.

    (Classic review by Crow Brother)
    Last month when ETH was hovering around $2400, the Bollinger Bands were also constricted to the extreme, and later it surged past $2600 thanks to ETF hype news. Will history repeat itself? The key is whether BTC can lead the rhythm after tonight's CPI data!

  2. News front: CPI data is the fuse

    • Bullish scenario: If the US CPI is lower than expected, ETH may take the opportunity to surge to $2550, even challenging the $2600 resistance level;

    • Bearish scenario: If the data is a disaster, once the $2500 support is broken, $2475 is the short-term stop-loss point, and in extreme cases, it may retest $2400 (On-chain data shows that there are big institutional orders supporting between $2400-$2450).


    Damn it! The main force has been playing ETH recently like walking a dog — pulling it up to $2879 to entice bulls, then smashing it down to wash out contracts; currently, the funding rate is -0.0457% (bearish dominance), clearly trying to force retail investors to cut losses!

Crow Brother's practical strategy

Short-term gambler: Current price $2531, you can try a small long position, set stop-loss below $2500, target $2580 (grab a rebound and run, don't fall in love with the trade);

Conservative approach: Wait for the CPI data to be released, confirm that it can hold above $2550 before jumping in (Remember: It's better to miss out than to make a wrong move);

Contract warning: Current open interest has surged + volatility has skyrocketed, beware of 'painting the door' at midnight!

Crow Brother's bloody lessons
Last September before the ETH merge, how many people were caught off guard by 'good news turning into bad news' and ended up with nothing? After this CPI data, if ETH suddenly surges, don’t rush to FOMO — first, see what BTC Dad’s mood is! Brothers! Tonight, $2500 is ETH's 'Battle of Chibi'; whoever wins between bulls and bears, we’ll side with them! (Interactive question)
Do you think ETH can hold this support? Comment in the section below whether you're bullish or bearish. Crow Brother will randomly draw three lucky predictions for fans (Decoding the methods of market manipulators) manual!$BTC #加密市场回调