ETH is playing 'high-altitude tightrope walking' at $3585! The MACD golden cross is about to happen but hasn't yet, both bulls and bears are waiting for tonight's CPI to ignite — either to explode into a one-sided market or shatter retail investors' dreams!
In-depth analysis of the market
Friends, keep an eye on this 1-hour K-line chart. The current price of ETH is $3585.36, and it is showcasing the classic scenario of "triangle convergence"! The key signal has already sounded the alarm:
Bull and bear strangulation zone: The upper pressure level at 3670 is like a ceiling, the lower support level at 3560 is like a floor, and the price is being compressed tighter and tighter — this formation appeared on August 2, after which ETH surged by 8%!
The MACD hides secrets: Although the DIF (11.53) and DEA (9) are about to golden cross, the red energy bar is still shrinking. This is like a racing car pressing the gas pedal while being in neutral; one must be wary of the "fake breakthrough" trick!
Funding rate at 0.0047% (paid by the bulls), indicating that market sentiment is leaning bullish, but on-chain data shows that whale addresses are quietly reducing their holdings (sold 3000 ETH last night) — a typical "openly bullish, secretly bearish" trap!
Financial month explosive commentary + latest news
Combined with this morning's sudden news, I smell three kinds of gunpowder:
New developments on BlackRock's ETH spot ETF (positive): But remember the lesson from June when the ETF approval caused ETH to plummet by 15%. "Good news turning into bad news" is a common tactic used by institutions!
Vitalik sold 3000 ETH: Although he claims it is for charity, historically, every time Vitalik sells coins, ETH experiences a short-term pullback of 5-8%.
Tonight at 20:30, the US CPI data: The forecast value is 3.3%. If the actual value exceeds 3.5%, ETH may instantly crash to the support level of $3500!
Do you remember that "fake breakthrough" on July 28? How many people chased the price up to $3700, only to be hit down to $3550 by the main force! The same formula applies today —
Coinbase has a "fishing order" for 2000 ETH.
But the bullish ratio in the options market has soared to 68%.
This is clearly a "long and short kill zone"!
When the CPI data is released tonight, there are no deities in the crypto circle, only smart people who can read the signals. The financial month only teaches you practical survival skills. Follow @财月女神 for daily strategies; I will interpret market movements in real-time in the village!
