【Qiongqi's Bold Statement】ETH Today's Market: Is the Low-Volume Rise Hiding Danger? Key Focus on the 850 Support Line!​​

Brothers, ETH's performance today is truly perplexing! The 4-hour chart closed at 2,850** (+2.12,820), but the trading volume was only 78,500 ETH**, less than half of the 5-day average volume (210,000 ETH) — a typical "false breakout" signal!

Qiongqi's Breakdown: Three Major Danger Signals!!

Bollinger Band Trap

After a brief spike to 2,880, the price quickly fell back, and the upper band (2,820) became a resistance level. Remember: breaking the upper band without volume = fishing! Refer to the August 8th trend, the same tactic harvested those who chased the price at $2,750.

MACD's False Move

DIF (12.5) and DEA (11.8) seem to have a golden cross, but the MACD histogram is only +0.3 — not even a fraction of last Wednesday's grayscale increase (MACD histogram +2.1). On-chain data is even scarier, with a giant whale selling 35,000 in just 3 hours.

Good News Not Rising is Dangerous

Clearly, there is good news with the "Cancun Upgrade Testnet Launch," but the price is sluggish. It's like crying "wolf" — when the real good news arrives, the market is already numb!

Qiongqi's Operating Guidelines

If 2,820 holds, consider taking a small position long, but you must exit at 2,880! Opening a long at the current price of 2,850 is not as good as waiting to catch a knife at 2,780; remember that "low-volume markets must have a spike!" Hold on! There will definitely be a final wash before the September mainnet upgrade. Tonight's Federal Reserve meeting minutes will be released, be cautious as BTC may lead the trend!

The main players are using false breakouts to cultivate your habitual thinking! Now those who are bullish feel the bull market is restarting, while those who are bearish shout about "trap for retails" — who is right after all? Follow Qiongqi; the most valuable thing in the crypto circle is not BTC, but every analysis from Qiongqi! Follow = Pick up money #以太坊创历史新高倒计时 #$ETH