"Market always sprouts in despair and moves forward in hesitation - the current narrow fluctuation of ETH is just the calm before the storm!"
1. ETH's life-and-death defense line
As of June 19, the latest data shows that ETH repeatedly fluctuates around $2522, testing $2550 multiple times without success. The upper side is suppressed by the descending trend line at $2635 (May downward channel) to $2420-$2450. This pattern of 'pressure above and support below' is a classic tactic for the main force to wash out retail investors.
Anna's view: The current price is at the 'smart money range' of $2420-$2650 midpoint, with long and short positions in a stalemate. But institutions have quietly acted: BlackRock's ETH ETF has seen a net inflow of over $33 billion in the last 3 weeks, and the number of whale addresses has significantly increased.
2. Long-short game: Two major turning signals
1. The latest 4-hour chart shows that if ETH holds above $2540, it can enter long positions.
2. Short nuclear button: Break $2460, can follow to buy short positions
Anna's live trading: Order executed at $2470 this morning (accounting for 8% of the position), take profit at $2550 for half the position, keep half to bet on a breakout.
4. Unignorable hidden dangers
Nasdaq linkage: ETH's correlation with tech stocks reaches 0.6+, if the Fed speaks hawkish tonight, it may lead to a price crash.
Grayscale premium discount: Current discount expands to -0.8%, indicating rising market panic.
"Retail investors' memory lasts only 3 seconds, while the main force specializes in killing consensus" - Be cautious of the main force's counter-sniping when the whole network shouts 'buy the dip at $2380'!
Optimal solution: Use 3% of the position to grid trade between $2420-$2580, keep 97% of the capital for directional confirmation.
Remember: Bull markets only lose impatient money, not patient hearts.
(Follow Anna to unlock 'ETH whale holding heatmap', teaching you step-by-step to profit with the big players!)
Key data tracing
Price channel & smart money range: [CoinEdition]
Institutional ETF flows: [Gate.com]
On-chain whale movements: [Binance Community]