A key support line is being repeatedly tested; tonight will become the battleground for bulls and bears.
Today's ETH market is turbulent! The 1-hour K-line shows the price oscillating around 2950, with a large number of trapped positions accumulating in the 3000-3100 area (clearly visible in the image are the marked 'add warning' and 'view main force order situation' at 3100 and 3000). Latest price 2953.74 USDT, order ratio only +0.47%, buying strength is weak like a subway signal in the early rush hour—sometimes on, sometimes off.
The main force's trap is surfacing:
Liquidation minefield: A large transaction appears near 2926 (highlighted in red at 2926.57 in the image), which is precisely the liquidation point that bears are targeting. A slight misstep can lead to a chain reaction.
Hidden danger in the orders: 32,953 ETH orders appear at the 2825 level (corresponding to 2825.87), what seems like solid support is actually a paper shield; once it breaks, panic selling will ensue.
Bull defense line is in crisis: the 2950 level is changing hands repeatedly, and each rebound faces precise suppression in the 2963 area (latest transaction 2963.74).
Different self-rescue strategies for trapped positions
3100 Mountain Top Watcher
The main force is playing a 'false breakout' at the 3000 level (alert for orders at 3000.00 in the image), heavy investors must seize the opportunity to reduce positions as it rebounds to the 2980-3000 area. Keeping the green mountains allows for a comeback.
Those caught in the middle of the mountain at 2950
Dense orders appear around 2953 (2953.90-2953.50 area), the price seems to be magnetically held. It is recommended to start grid trading: buy 10% on every $20 drop, sell immediately on a $30 rebound, repeatedly harvesting fluctuations to lower the holding cost.
Those who have been liquidated and are eager to recover
Stop now! The 2457 position in the image (low point on July 9) is like an abyss staring at you. First, use 5% of your position to place an order at 2825 to test the waters, remember: staying alive is more important than recovering losses at this moment.
Key economic data will be released tonight at 20:00. The main force has already set up a powder keg at 2926. Will it be a violent surge or a bloody washout of the bulls? Pay attention to the real-time dynamics of convergence; tonight we will help you analyze the main force's cards!