Emergency! ETH is about to move!
ETH is currently stuck at the key position of $2573, as if nailed there. Both bulls and bears are fighting here, with neither side giving in, just waiting to see who will give up first.
What's the situation now?
$2573 is the critical level!
If it can hold above $2573, then $2600 is promising.
If it falls below $2573, then we are looking directly at $2508.
Technical charts indicate that the market is very tense, and the direction is about to emerge; we are just waiting for a signal!
Are the technical indicators looking 'weak'?
There is an indicator called MACD that has just issued a bullish signal, but this signal looks a bit weak, like a person shouting slogans on an empty stomach. Whether it can really rise still depends on how many buyers come in afterward.
The trading volume is frighteningly low!
This morning, the trading volume was particularly, particularly low, and the price barely moved. Experienced traders know that this kind of lifeless sideways trading is often the calm before the storm!
What else should we pay attention to?
Large institutions are quietly buying: data shows that institutions have bought a lot around $2540-$2552, indicating they find the price range of $2508-$2558 quite favorable.
Big news tonight: The US is going to announce the CPI! This thing is powerful:
If the data is bad, ETH may instantly crash below $2508.
If the data is okay, then hitting $2558 will be the first small target.
What am I planning to do?
I placed a buy order at $2552! Why?
Because on June 15th, ETH held at $2508 three times without breaking down! I think this is the bottom line for the main players.
BUT! I set my stop loss at $2508! If it breaks below $2508, I will immediately accept my loss and run!
What if it breaks below $2508? I might immediately go short! Because if the support level is broken, the trend may change.
Final shout:
Right now, ETH is like a spring that has been pressed to the bottom, ready to bounce up at any moment! Brothers, do you think tonight it will first surge to $2558 or crash to $2508?
Follow me to see through the phenomenon to the essence, and let's traverse the bull and bear market together.
Focus for the day: ZKJ TRX ALT HYPE
