ETH about to break through $3800? $550 billion from Japan enters, BOLL indicator exposes the main force's conspiracy!
Crypto friends! This morning, ETH suddenly surged by 0.22%. It seems like a small green candle, but behind it hides a huge secret! According to the latest data, the ETH/USDT perpetual contract suddenly surged at 10 o'clock, breaking through the middle band of the BOLL indicator at $3728, and the upper band soared directly to $3821! Now the whole network is buzzing— the $3800 barrier is about to be breached!
The technical aspect hides a deadly trap!
Looking at this K-line chart, ETH once touched $3857 on July 22, but was immediately pushed back by the resistance level of $3790. What does this indicate? The main force is testing the selling pressure! Now the MACD's DIF and DEA lines are almost glued together, while the MACD histogram is starting to shrink, which suggests that a trend change is imminent! More importantly, the 5-day trading volume average is 320,000 contracts, while the 10-day average is as high as 560,000 contracts. What does this indicate? Institutions are secretly accumulating!
Japanese gang invests $550 billion?
The market suddenly spread a mysterious screenshot: a certain Japanese consortium announced an investment of $550 billion in the U.S., and coincidentally, large amounts of USD stablecoins were monitored flowing out from Japanese exchanges on the ETH chain! Although it cannot be confirmed whether it is gang funds, the frequency of large transfers on the Ethereum chain has surged by 300%, with 12 new whale addresses added within 24 hours! Could this just be a coincidence?
$3610 becomes the lifeline!
Now the support level has moved up from $3610 to $3710, but the amplitude is only 0.52%! Veteran investors understand that after a historical low volume, there must be a historical low price, but after a low price, there may also be a sky-high price! If ETH can stabilize above the $3790 resistance level, the next target is directly at $4000! Conversely, if it falls below $3610, it may trigger a chain liquidation of margin positions!
The calm before the storm?
Final reminder: Currently, ETH is between the middle and upper bands of the BOLL channel, with a clear bullish arrangement, but the MACD momentum is weakening, so beware of false breakouts! It is recommended for retail investors to pay attention to the $3790 resistance level; if it breaks through, you can cautiously chase the rise, but if it falls below $3710, stop loss! Remember—there are plenty of opportunities in the crypto world, what’s missing is the firepower!
Personal opinion from Jin Zhu: ETH is stuck at the $3800 door; is this wave of increase a real breakthrough or just the main force drawing a door?
First, let’s talk about the BOLL indicator. The upper band at $3821 looks like a piece of candy, but the MACD pours cold water on it: DIF line 4.65, DEA line 5.05, MACD bar at -0.80, which clearly shows insufficient bullish momentum! It’s like stepping on the gas while the tachometer is dropping; can you not panic?
More critically, it’s the trading volume! The 5-day average is 320,000 contracts, and the 10-day average is 560,000 contracts, but today’s trading volume shrank to 70,000 contracts. What does this mean? Is it the last wash before the main force pulls up? Or a sign of being unable to move? Historical experience shows that after a historical low volume, a change in trend is indeed possible, but the direction of the change depends on whether the main force is accumulating or distributing!
Looking again at the resistance level of $3790, this position has been stuck three times without breaking through! On July 22, it surged to $3857 and then crashed back down. What does this indicate? There’s too much trapped buying pressure above! Now retail investors are waiting to chase the rise at $3800, but the main force may turn around and dump, letting you chase at the peak!
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