ETF Delays Ignite the Market! The Battle at the 2500 Level

The cold water of the ETF has extinguished the rebound flames! The price is now stuck like a sandwich, oscillating around 2479—blocked by the middle Bollinger Band at 2388 and the lower band at 2231 like two guards!

Technical indicators are also speaking the harsh truth: the MACD green bars are at 25.96, and the bulls have long lost their strength! The trading volume is even more frustrating, with 90% of it being retail investors playing the game of catching falling knives! The SEC has played its cards perfectly; with the Ethereum ETF delay, billions in funds vanished just like that!

So, 2500 is the arena for the bulls and bears to clash! A breakout with volume? Quickly chase the long position! If it falls below 2460, swiftly stop-loss! The range from 2475 to 2490 is like a minefield; stay as far away as possible!

Spot traders just play dead; if the ETF is done for, what else can be done? Contract traders should be cautious; playing high short and low long around 2460-2500 is fine! For those looking to bottom fish, remember that below 2400 is the safe zone!

Today, keep a close eye: at 16:00 the European Central Bank is set to make a big move, and at 20:30 when the U.S. stock market opens, it’s bound to be bad news! This market is like a squished sandwich, with pitfalls above and below! We retail investors would rather earn less than be the casualties under the main force's knife!

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