ETH Today's Market Analysis: The Life-or-Death Battle between Bulls and Bears at the $2600 Level!
"ETH is now like a coin pressed on a spring - the harder it's pressed, the stronger it bounces back! In today's market, both bulls and bears are fighting to the death at the crucial $2600 level!"
Zhuque's view:
ETH has two possible developments in the future: If it breaks through the box upwards, the first time will effectively break through 2632, then callback waiting for the second move, and break through again to see 2643.
The second is to break through the box downward, it will fall to support 2602, and break down to see 2576. If you do not know the specific effective breakthrough point, you can follow Zhuque and pay attention to my home page introduction Zhuque hand in hand to take the car
Current market analysis
Price stuck at a key level
ETH current price $2608
Upper pressure: 2615
Lower support: 2570
Technical indicator signals
MACD indicator: DIF line -1.85 crosses above DEA line 2.43
RSI indicator: 52
Volume: $2.45 billion
Latest Market Trends
Nasdaq futures turn up 0.12%, ETH correlation rebounds to 0.48
On-chain anomaly update:
Added 2 buy orders for 10,000 ETH each
Whale address transferred 32,000 ETH to exchange
Derivatives data:
OKX long/short ratio 0.53
Perpetual contract funding rate 0.008%
Zhuque's Practical Strategy
Short-term:
Break through 2615: Light position long, target 2640
Break below 2570: Go short immediately, target 2540
Mid-term:
Ideal entry zone: 2540-2560
Reduce position: 2660
Risk warning:
2 AM Fed meeting minutes
Key support moved up to 2570
Beware of whales transferring chips to crash the market
"Is this a fake breakout or a real rally? I'm lying in ambush at the 2600 level, do you think ETH can stand firm at 2615?"
Key changes:
Pressure level revised up to 2615
New whale selling pressure signal
Fed minutes advanced to 2 AM
Is it too cold at the forefront? Follow Zhuque, Zhuque's thermonuclear team is ready! Only ignite the prairie fire of ambitious lunatics! $ETH