$ETH 3600 points for a stunning showdown! The main force sets traps to harvest retail investors, are you still acting as a "bag holder"?
ETH is engaged in a key battle in the $3600-$3800 range! This position is both the "safe zone" that recent buyers are defending and the "ghost gate" before the $3700 and $3900 major thresholds. Yesterday, when it surged to $3850, the trading volume suddenly shrank by 15%. Experienced traders understand this is a signal that "the rise is stalling," and a drop may happen at any time!
Although BlackRock's ETF has injected $1.76 billion to support the market, don't be fooled by appearances: there is a wall of 15,000 ETH sell orders from a giant whale lurking near $3750-$3760. Blindly chasing the rise is equivalent to giving away money!
For the bulls to win, they must hold the lifeline at $3673; breaking through $3720 would allow them to breathe a little; the bears are watching $3650, and once it breaks, the $150 million long position at $3680 would trigger a cascading sell-off, potentially driving the price down to $3600!
There are two critical time points today: the European market at 15:00 might see a surprise attack from the main force, and the $320 million options expiration in the US East at 22:00 makes it highly likely that the main force will "fish for enforcement" around $3670!
On-chain data is even more thrilling, with exchange ETH reserves plummeting by 14.7%, while mysterious whales are secretly accumulating positions. However, tonight's White House crypto legislation and EU tariff negotiations might trigger a black swan event!
Currently, ETH is still very strong, and this wave is expected to correct. The current position is still very suitable for entry; I will notify fans of the specific entry point, so leave a message for me to see you, and I will get you on board!!!