At this moment, ETH is repeatedly rubbing against the critical point near 3635, resembling skewers on a barbecue grill. From the hourly chart, this green arrow, while forceful, has been repelled three times at 3635 (the pressure point is clearly marked in the chart), indicating that bears have heavily fortified this point. The volume data is even more concerning: an estimated volume of 499M looks lively, but the moving averages MA5 (163M) and MA10 (156M) are almost glued together—this is like two people in a tug-of-war stalemate, with the outcome depending on who exerts force first!
Old bull's practical perspective:
The truth of 'stabilizing at 3635':
Don't just look at the price and shout breakthrough when it touches 3635! A real stabilization must meet three conditions: closing price stays above 3635 for two consecutive candlesticks + sudden increase in trading volume + MACD green bars expanding for the second time (refer to the chart indicators analysis). The false breakthrough in April serves as a lesson—price feigned a spike through the resistance, only for the volume to shrink to nothing, resulting in a direct drop of 8% the next day!
Key driving force for pushing to 3675:
The hidden secret in the chart is at 3686 (marked reversal point)! This is the mid-platform of the April decline, piled with a lot of trapped positions. The old bull's big data analysis reveals: the area of 3675-3700 is filled with short stop-loss orders; if the dealer really wants to pump, they must violently sweep away these 'bombs', otherwise, they could be smashed back at any time.
My order strategy:
Breakthrough strategy: If ETH breaks through 3635 with significant volume (volume > 200M), immediately market buy 5%, with a stop loss set at 3609 (previous high becomes support).
Dip buying: If a pullback occurs near 3480 with a 'long lower shadow + reduced volume' (signal of bears exhausting), go long for a rebound, targeting 3575.
"Tonight, the dealer must choose a direction! Is it rocket launch or bungee jump? The old bull has set up breakthrough orders + stop-loss catapult, ready to monitor the market with the brothers at midnight! Back in the day, this tactic at 3270 netted a solid 40% profit in a week!"
Want to keep up with the market rhythm and not fall behind? Follow the old bull to stay on track! Real-time analysis, precise insights, delivered to you at the first moment!#Ethereum #ETH走势分析
