CPI data night, the life and death speed of ETH! Will it break free and soar, or fall into an abyss from which there is no return? At 20:30 tonight, the global crypto market will face a thrilling game!

What is ETH currently doing? The technical analysis lays it out clearly for you.

ETH has recently been like an 'ambivalent patient,' with prices hovering around $4280, where $4370 is the 'high-pressure line' and $4160 is the 'lifeline.'

Technical indicators are 'fighting':

  • MACD: The two lines are almost glued together, like two people in a cold war after an argument, ready to 'act' at any moment.

  • RSI: Hovering around 50, the balance of bullish and bearish forces is temporarily stable, but once the data is released, it may directly rush into the 'overbought zone' or 'oversold zone'.

    Bollinger Bands: Prices are squeezed near the middle band, with the bandwidth narrowed to the tightest in the past week, like a spring compressed to the limit—tonight's CPI is that 'release' finger!

Trading volume: Recently, the volume has shrunk by more than 40%, indicating that everyone is waiting for the data, and no one dares to act. But once it breaks out or falls below, prices may run like a runaway horse, faster than Bolt!

How to play the CPI data? Three scenarios, pick your number!

At 20:30 tonight, once the U.S. CPI data is released, ETH may perform three scenarios:

Scenario 1: CPI ≥ 3.4%

ETH trend: directly drop below 4280, testing the 4160 support; if 4160 can't hold, it may drop all the way to 4050.

Operational suggestion:

Short positions: chase below 4280, target 4160/4050.

Spot holders: hurry and set stop losses, don't let profits turn into losses!

Scenario 2: CPI 3.0%~3.3%

ETH trend: First short-term fluctuations ±2%, then watch if the support at 4280 can hold. If Federal Reserve officials make dovish statements later, it could surge; if hawkish, it could crash.

Operational suggestion:

Break above 4350 with a light position to test longs, target 4370.

If it falls below 4250, hedge the risk.

Don't go heavy! The market is most likely to 'play tricks' before the data.

Scenario 3: CPI ≤ 2.9%

ETH trend: directly break above 4350, strongly attack the 4370 resistance; if it stands above 4370 on increased volume, it may surge all the way to 4520.

Operational suggestion:

Break above 4350 and chase longs, target 4520.

After breaking, pull back to 4370 to add positions.

Long Ge's viewpoint

One hour before the data: reduce positions or set protective stop losses.

At the moment the data is published: don't use market orders, use limit orders + conditional order combinations.

After confirming the trend: prioritize waiting for 'breakout pullbacks' to enter.

Unexpected risk: The main force may be 'fishing'!

  • If the price first drops to 4200 and then quickly rebounds to 4350, beware of the main force in a 'double kill' of longs and shorts.

  • Countermeasure: wait for the candle’s body to confirm direction before acting!

  • Also keep an eye on U.S. stocks; the crypto market is currently highly correlated with U.S. stocks—if U.S. stocks fall, ETH may follow; if U.S. stocks rise, ETH may surge.

Long Ge reminds you:

ETH is still in an upward channel on the 4-hour level, but facing significant macro pressure; tonight may be a 'false breakout' trap!

Suggestion: Use no more than 10% of your position to speculate on the market data, keep the rest for potential rebounds or declines over the weekend.

CPI is the 'mirror' of the crypto market; once the data is released, the true faces of bulls and bears will be revealed! But remember—the market is always crazier than you think; preserve your principal to survive until the next bull market!

Bull markets are fleeting; what you lack is not opportunity, but the courage to pull the trigger! Follow Long Ge, let me assist you.