Attention crypto comrades! ETH surged by 0.22% last night, seemingly a bland small bullish candle, but in fact, it is the preliminary battle of the bulls and bears! ETH/USDT perpetual contracts suddenly surged at 10 o'clock, violently breaking through the midline of the BOLL indicator at $3728, with the upper line approaching $3821 — the $3800 barrier is at risk, and the countdown to the turning point has begun!
The technical side hides three signals, revealing the intentions of the main force.
First, let's look at the candlestick game: On July 22, ETH once surged near $3860 but was strongly pressed back at $3790; this is the main force testing the selling pressure intensity! The current MACD indicator is even more intriguing — the DIF and DEA lines are about to converge, and the MACD histogram continues to shrink, which is a typical 'turning point signal', and the strength of bulls and bears is about to be determined!
Let's look at the mystery of trading volume: the 5-day average trading volume is 320,000 contracts, but the 10-day average is as high as 560,000 contracts, with short-term shrinkage and long-term expansion forming a 'divergent structure'. Experienced players understand: this is a characteristic of institutions 'secretly accumulating' — creating a false impression of selling pressure with short-term shrinkage while quietly hoarding chips!
Japanese capital chain movement, rumors of $550 billion funding fermenting.
The market is buzzing with a major news: a certain Japanese consortium announced an investment of $550 billion in the US, coincidentally, a large-scale outflow of USD stablecoins was detected on Japanese exchanges! Although it cannot be confirmed as 'gang funds', the frequency of large transfers on the Ethereum chain has surged by 300%, with 12 new whale addresses added within 24 hours — capital movements are never unfounded!
$3630 is the lifeline for bulls and bears, a breakthrough or collapse hinges on this move.
The current support level has been raised to $3710, with the amplitude narrowing to 0.52%, a typical 'low volume turning point' characteristic! If ETH stabilizes above the pressure level of $3790, the next target aims for $4000; but if it falls below $3610, a chain liquidation of leveraged positions will trigger a panic — this is a gamble between 'heaven and hell'!
Main force conspiracy? Beware of 'false breakout' traps.
Don't be blinded by the bullish arrangement! The weakening MACD momentum hides risks: DIF line at 4.65, DEA line at 5.05, MACD bar at -0.80, this is a signal of 'bullish fatigue', very likely a trap set by the main force to 'lure the bulls'! The heavy long positions at $3790 have been hit three times without success, retail investors chasing high need to beware of 'standing guard at the mountain top'!
Operational strategy: Precise timing, swing trading is king.
Breakout long: If ETH effectively stabilizes above $3790 (not falling back for 3 consecutive hours), light position chasing up, target looking at $3850-$4000;
Breakout stop-loss: If it falls below the support of $3710, decisively stop-loss and exit to avoid liquidation risk;
Key reminder: The current market is highly volatile, it is recommended to use low-leverage contracts for betting, keep some capital to deal with extreme situations!
The crypto world is never short of opportunities, but what is lacking is 'calm judgment'. Follow Old Tang's team to penetrate the candlestick fog and accurately capture the main force's movements, starting the asset doubling engine! #Crypto market winds #ETH change password
