The current price is trapped in the 2960-2970 life-and-death channel, with a high-pressure electric net of 30,000 dollar sell orders capping 21,000 ETH above, while last night's news of Grayscale suddenly increasing its holdings by 15,000 ETH has cast a metallic glimmer on the 2900 dollar support.
Today's biggest variable is the US CPI data to be released at 21:30—this fuse is sizzling.
The market is turbulent: the 1-hour candlestick has been oscillating in the 2840-3046 dollar range for three days, the MACD volume bars have shrunk to needle points, and the order volume in the 2960 range has surged by 42% over 24 hours, while the transaction volume has shrunk by 15%, resembling two armies setting up machine guns but holding their breath.
Remember the lesson from July 9, when the 2900 dollar level was stagnant due to exchange failure rumors that instantly broke through the 2841 Fibonacci stronghold. If CPI has a negative surprise tonight, a whale at around 2920 dollars has collateralized 100,000 ETH to borrow 20 million USDT bombs that could explode through the floor at any moment.
My monitoring system has marked two fatal coordinates: the upper 2980 dollars is buried with institutional dark orders from the BlackRock ETF channel; breaking through this requires a 30-minute volume increase to stabilize above 3000 dollars to confirm a trend reversal.
The lower 2940 dollars is the death switch for programmed trading; losing this will trigger a chain reaction to crash straight to the 2900 dollar barrier. But the most dangerous signal comes from the options market—75% implied volatility indicates that tonight is destined for more than 5% bloody fluctuations.
Three years ago, on the same CPI night, ETH staged a terrifying script of an 8% drop followed by a 17% deep V reversal.
When the data is revealed, will you see the bulls charging over the corpses of the bears, or the bears nailing the bulls to the candlestick tombstone?
Follow the trend, join the top-tier team! Make sure to keep your bullets ready!!! After the market opens fire, pick up the bloody chips.
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And those who are facing liquidation!! If you don't come and join the top-tier team soon, you might be stuck to death!!