At 2 PM, the price of ETH plummeted like a roller coaster from $3520 to $3460, rebounding at the key support level of $3450, ultimately recovering the $3500 mark. To Old Zhao, this familiar deep V pattern is not a rallying cry for bulls, but a pressure test dominated by bears—whales are testing the market's bottom line with real money, and every follow-the-crowd move by retail investors could end up as fish on someone else's chopping board.

1. Technical Analysis: A rebound without volume, pressure levels are like a thorn in the throat.

1. Volume Trap: During today's rebound, there was no significant increase in trading volume, indicating insufficient willingness of funds to enter the market. A rise without volume support is like a tree without roots, which could collapse again at any moment.

2. Key Level Game: The $3580 pressure level is stacked with a large number of trapped positions; if it cannot break through with increased volume, the short-term downward trend is difficult to reverse. Currently, bearish forces still hold the upper hand.


2. Operational Rules:

1. Admit defeat when breaking levels, do not cling to the battle.
When the price breaks key support levels, decisively stop loss and exit. The market is never short of the fantasy of waiting a bit longer to break even; what is lacking is the determination to cut losses decisively.

2. Don't chase high prices at pressure levels.
Even if the price approaches $3580, do not blindly chase the rise if the trading volume does not increase. Whales often use false breakouts to lure in retail investors, who must adhere to the principle of not acting until seeing the rabbit.

3. Market Outlook:

The current market is in a bear-controlled period, but the effectiveness of the $3420 support level has been verified. If the price can stabilize above $3500 within the next 24 hours, accompanied by a moderate increase in trading volume, it may signal short-term stabilization. Conversely, if it breaks below $3420 again, one should be wary of further risks down to $3300.

Lastly, let me say something heartfelt:
In the cryptocurrency market, the wild ups and downs are not about who makes the most profit, but about who lasts the longest. In August, the market is turbulent; do you choose to be the harvested leeks or become the old fox who laughs last?


There are no gods in the cryptocurrency market, only smart people who can read the signals. Old Zhao's articles do not exaggerate or make empty promises; they only teach you practical survival skills. Follow Old Zhao for daily strategies and know in advance.#加密市场回调 $ETH