1. The 'bomb' of tariffs has landed, and the global market is collectively 'shaking'.

Trump's new tariffs officially took effect today, directly triggering panic in the global financial market! US stock futures, crude oil, and gold all plummeted, while the dollar index surged against the trend, with funds rushing into safe-haven assets. Even more explosive is that US polls show 62% of the public oppose the new tariffs, the policy controversy is so great that even Wall Street is bewildered, will this policy be subject to 'frequent changes'? Will the global economy be dragged into recession?

The crypto world is even more like a 'startled bird'! Mainstream currencies like Bitcoin and ETH are collectively falling, and market sentiment has dropped to freezing point. Why? Because once tariffs are imposed, global trade costs will soar, corporate profits will be squeezed, and inflation expectations may actually rise. If the Federal Reserve is forced to raise interest rates, the dollar will strengthen, and cryptocurrencies priced in dollars will be 'bled dry'! More critically, funds now only recognize 'safety', who dares to play in the high-risk crypto world?

2. ETH market is 'walking a tightrope': There is 'mountain pressure' above and 'deep pits' below.

Check out ETH's 1-hour chart, it looks like 'walking a tightrope at high altitude'.

  • Price stuck at $3690: Can't go up or down, both bulls and bears are 'staring at each other'.

  • Heavy pressure above: Selling pressure near $3720 is as heavy as a wall, and several attempts to push higher have been smashed down, indicating that large holders are secretly offloading.

  • Lower support 'has substance within the illusion': $3615 is short-term support, but if it breaks, $3550 is the 'life and death line'. If even $3550 can't hold, it's heading straight for the 'deep pit' at $3353!

  • Moving averages 'in disarray': Short-term moving averages are tangled together, indicating that the market has no direction and is just waiting for the 'wind' to come.

  • Trading volume 'half dead': Everyone is too afraid to move, fearing being hit by a 'black swan'.

Key signal: Whales have been quietly selling recently! On-chain data shows that the ETH balance of large addresses continues to decrease, indicating that they are also prioritizing 'self-preservation'.

3. How will ETH perform today?

1. Oscillation is the main theme, but the downside risk is greater.
From a technical perspective, ETH is trapped in a 'cage' between $3650 and $3720, but once the tariff 'black swan' strikes, the bulls will have no strength to break through. Now market sentiment is extremely pessimistic, and funds are running out, does ETH want to rise? It's harder than ascending to the heavens!

2. Beware of 'breakdown' risk.

  • Upper pressure: $3720 is the 'ceiling', without major good news, like Trump suddenly changing his mind, it won't break through.

  • Lower support: $3650 is the 'first line of defense', if it breaks, directly watch $3550. If $3550 can't hold either, $3353 will be the 'ultimate target'.

3. A miracle happens? Unless...

  • Great news for the crypto world: For example, if the US suddenly approves the ETH ETF, or a major institution announces a huge purchase.

  • Trump 'backs down': Tariff policy has uncertainties, market sentiment reverses.
    But how low is the probability of these two events? You know what I mean...

4. What should retail investors do?

1. Don't gamble on direction, watch more and act less!
The market uncertainty is too high now, don't rush to catch the bottom, it's easy to catch it halfway up the mountain, and don't chase the highs as there is pressure above. Control your hands, preserve your capital, that's the way to go!

2. Keep a close eye on key levels.

  • Upper level: $3720 resistance level, break through and then talk about the bulls.

  • Support below: $3650 is the support level, if it breaks, run quickly; $3550 is strong support, if it can't hold, sell everything and wait.

3. Position control, set stop-loss properly!

  • Heavily positioned: If the price is hovering around $3700, consider reducing your position and locking in profits.

  • Light position: You can operate, but you must set a stop-loss! For example, if it breaks below $3650, stop loss immediately, don't hesitate.

4. Pay attention to the 'eye of the storm' outside.
Today, don't just focus on ETH, see how the US stocks, dollar, and gold are performing. If US stocks continue to crash, ETH will likely drop as well; if the dollar suddenly weakens, there may be a rebound opportunity. The crypto world is currently like a 'startled bird', if there's a blast outside, it will be scared out of its wits!

5. Summary: Today is a 'life and death game' for ETH, self-preservation is the priority!

Old Trump’s tariff 'black swan' strikes, global market panic spreads, ETH market is weak to the extreme. Today it is very likely to continue to 'nest and oscillate' between $3650 and $3920, but with extremely pessimistic sentiment and the shadow of whale selling, the risk of breaking down is very high!

Don't wait until the contract blows up to remember me! Follow Te Ge, next time I'll help you escape the top three seconds early!