The current upward fluctuation of ETH is all an illusion; the main force is playing the trick of boiling frogs in warm water!
It is clear from the chart that a large number of long liquidation orders are piled up in the 2440-2480 area, and the liquidation wall at 2370 is as thick as 132 million!
However, the price movement is extremely "strange"; it neither breaks through nor crashes, just moving sideways slowly—typical precursor to a weekend raid by the manipulators.
At this position, you must understand the main force's tactics:
The longer the sideways movement, the more severe the change; if it cannot break through the upper level, it is accumulating power for a downward move. The denser the liquidation area, the easier it is to be hit by a reverse attack.
2370 is the crucial support; if this position is lost, it will trigger a chain liquidation, and the 2300 level will not hold!
Remember, the weekend is the manipulators' home ground; with thin liquidity, any action can easily break through the floor.
Do not be misled by the illusion of sideways movement! Now is not the time to consider going long; instead, you should ambush in the opposite direction of the main force's actions, waiting to profit!
The strategy is already clear: ambush at key positions, set strict profit targets, and refuse to chase after rising prices.