" ETH is stuck at the life-and-death line of $4610, like a climber hanging on the edge of a cliff—one step up is paradise, one step back is the abyss. Today's market is the 'crossroads of fate' for the crypto market."

Qing Yao's exclusive analysis: Both bulls and bears are playing a 'cliff seesaw'

The most magical point on the current chart is that the price level of $4610 has become the dividing line between bulls and bears. It's like two strong men arm wrestling, where the short-term and long-term moving averages are twisted together, indicating that the main players are also conflicted—should they continue to push higher, or retreat to gather strength?

A real case: Last week when BTC failed to break $70,000, ETH was also pushed back down to $4800 by bearish forces. This indicates that $4800 is not only a technical resistance level but also a psychological fear threshold for the market. Once breached, it may trigger FOMO; but if it fails again, retail confidence could collapse like a house of cards.

Qing Yao's sharp commentary: Three key signals determine life and death

  1. The invisible wall at $4617: The order book shows a large number of sell orders piled up here, like a boss level in a game. To break through requires significant volume, but today the trading volume is only $270 million, which is on the level of dragging feet—unless BTC suddenly goes wild, there is unlikely to be any major movement.

  2. The sweet bait from the exchange: Airdrop activities launched by a leading platform may attract retail investors for a short-term profit. But Qing Yao wants to pour cold water: Historically, 80% of exchange activities end up with the retail investors holding the bag while the big players cash out. Before participating, ask yourself: Are you here to make money, or to be a part of the statistics?

  3. The time bomb of CPI data: Tonight, the US will announce the July CPI data. If inflation rebounds beyond expectations, the Federal Reserve may delay interest rate cuts, and the crypto market is likely to plunge. Remember: In 2023, every time CPI exceeded expectations, BTC had an average drop of 8%, and ETH fared even worse.

Qing Yao's operational guide: A 'survival manual' for two types of players

  • Conservatives: Be a spectator! Don't rush to bet around $4610; wait for a significant breakout above $4800 before chasing. If it drops below $4450, stop loss immediately—if this position is lost, it could trigger a panic sell-off.

  • Radicals: You can take a small risk. Try going long with a light position now, set a stop loss below $4580, and aim for $4750. But remember: only use spare money to play, don’t risk your capital.

Qing Yao's 'soul-searching question'

Do you think ETH will choose to break upwards today or plunge downwards? Will it replicate last week's BTC false breakout script, or will it create an independent trend? Leave your prediction in the comments, and remember to come back after the data is released tonight to verify your judgment—the market is always the best teacher, but tuition can be expensive. Follow Qing Yao to get ahead from the start!