3720 is today's anchor; holding it is dignified, breaking it is the abyss! Both bulls and bears are waiting for a decisive volume K-line to set the stage!
Guys, I’m Ears! I just looked at the latest 1-hour K-line for ETH, and scanned the morning's news. The market is feeling 'tense'—the 3720 USD line is now the core corner of the entire game! Let’s break it down.
Beware of the three technical signals:
Bearish pressure remains: MACD green bar (-6.42) continues to extend, DIF (5.35) death cross DEA (8.56) diverges downwards, the bear army's firepower is not exhausted;
Volume crisis intensifies: trading volume is only 137,000, only 65% of the 5-day/10-day average (216,000/242,000), with strong wait-and-see sentiment;
High pressure points: 3820-3860 becomes the threshold for a bullish counterattack, with a mid-line of 3779 forming daily resistance, any unvolume rebound is a trap for bulls!
Latest news game
Policy change window: the White House's first crypto policy report is released today, focusing on 'regulatory framework + consumer protection'. Historical data shows that mainstream coins average a 15%-20% increase in the 30 days leading up to policy implementation;
The giant whales are stirring:
A whale transferred 30,000 ETH (about 110 million USD) to Coinbase, suspected to be preparing to sell pressure;
The ARK fund accurately sold 30,000 ETH yesterday, with a settlement price of 3771;
ETF fund hedging: BlackRock's Ethereum ETF saw an inflow of 499 million USD in a single day, totaling 2.27 billion in July, setting the stage for bulls;
Layer2 technical disturbance: a leading L2 stopped for 1 hour due to Sequencer failure, exacerbating the network trust crisis.
Ears' long and short life-and-death line strategy
Bullish defense line: firmly hold 3680-3720 (weekly MA10 + Bollinger lower band resonance area), needs to be confirmed with a volume bullish bar + MACD green bar shortening for reversal; otherwise, near 3820 is a reduction point;
Bearish nuclear explosion point: a volume entity bearish line breaks 3680, targeting 3620-3550 (CME gap + on-chain liquidation zone);
Conservative investors: wait for the White House report to land, chase long above 3860/break 3620 to reverse, position ≤30%.
Ears' advice
Morning whale transfers + institutional selling pressure have exposed short-term weaknesses, but ETF funds supporting indicate the trend has not reversed. Watch closely for a volume break signal at 3680, beware of 'false rebounds burying people'! VIP community monitors large on-chain transactions in real-time, click to follow for tactical strategies—if there is a volume breakout above 3860, the second target is 3950; if it breaks 3620, bottom-fishing will gather at 3550!
I am Ears, helping you penetrate the fog of the crypto world and seize hardcore opportunities! Click to follow, we will keep a close watch on the crypto opportunities amidst the trade war storm! What you lack is not luck, but Ears' top team!