ETH is struggling for survival at $2511; if the $2500 level is lost, it may fall into an abyss!
Brothers, this ETH chart is making people sweat! The price is stuck at $2511 performing a 'Loom Machine Market', with orders densely piled at $2511.30-$2511.14 (adjusted order price difference), and the委比-0.31% reveals a slight advantage for bears. Both bulls and bears are waiting for a breakthrough signal; this tiny space has become a 'Meat Grinder'!
Three Mountains Above
The real pressure level is at $2535 (51.8%) and $2540 (adjusted pressure level description), where a large number of trapped positions are buried. Want to break through? Genuine capital must be piled up! The upper levels of $2579/$2636 are even more out of reach.
Multi-layer Armor Beneath
The bull's lifeline is at the round number of $2500 + $2480 double support (adjusted support description). The lower tier is clear: $2460→$2440→$2420→$2400→$2393, like putting a bulletproof vest on ETH. But the core defense line is still $2500 – if this level breaks, $2380 may be seen!
Latest News Stoking the Fire:
SEC Delays ETH Spot ETF Again: Approval for institutions like VanEck pushed to September (originally July), expectations dashed hit the bulls hard;
Gray-scale Withdrawal of ETH Futures ETF: Exposure to Regulatory Winter Not Over, Institutions Have Collective Fear;
Germany Continues to Dump BTC: Tens of thousands of BTC Pressing Down (adjusted quantity description), the crypto market is bleeding profusely, and ETH finds it hard to stand alone.
Converging Strategy:
Technical "Consolidation Shock" + News "Triple Blow", today's downside probability exceeds 70%! Focus on two signals:
Defend $2500: If the hourly line stabilizes above $2515, light positions can be taken for a rebound (stop loss below $2480)
Break $2500: After confirming with a long bearish candle, target short at $2480→$2460
Case Warning: Last week BTC plummeted 8% due to Germany's sell-off, ETH fell over 6% – linked slaughter may reappear at any time!
Bulls vs Bears at $2500! What will you choose:
Licking Blood on the Blade to Grab a Rebound?
Chasing Short After Breaking the Level for a Big Profit?
Watching from the Sidelines in Safety?
Keep an Eye on Three Fires:
Result of the $2500 Defense and Offense
Sudden Change in Trading Volume
BTC Dad Sets the Pace
Share your amazing operations in the comments! Remember: Better to miss than to become cannon fodder!
Market Storm, Strong Players Team Up! Top-tier positions in Convergence are open, only for ambitious and crazy players to seize!