$ETH

There are only 10 hours left until the highly important D3 candle closes, it will significantly impact the intentions of the MM

1. D3 Frame – Indecision candle holding the peak

The current candle is still holding a high price, not closing below EMA9 (4,029.15), indicating that the medium-term trend is still maintaining its upward momentum.

The upper wick is long, but the body of the candle still has strength to hold the price → if it closes in this area (above 4,300), it may just be a correction in the upward trend.

The RSI(6) indicator is still >70, not yet entering the strong divergence zone, indicating there is still room for further upward movement, as long as the smaller frame does not "sell off".

2. Hypothesis: MM wants to close D3 as a nice indecision candle to maintain the medium-term trend, this D3 should be a small-bodied candle, then two days later, continue down and bounce on the last day.

MM does not want D3 to close as a long red candle, as that would confirm distribution and cause retail to lose confidence early.

Gently pushing to close a doji/indecision candle holding the EMA9 trend above D3 will maintain the expectation of the crowd → then plan the next strong move.

So if D3 closes above EMA9, shorting too early may get squeezed → need to be extremely patient and use a reasonable SL level.

4. Explanation of why this D3 is important

4.1 The final pump does not need to pretend to break, because MM has gathered enough from 1k to 2k5, 3k5...

This is not a position build phase, but rather deploying a distribution trap → need to maintain confidence to survive until the end to hold as high as possible, allowing Long to profit without rushing to push the media to break ATH with a 12k ETH view.

4.2 If pretending to break D3 but starting to accumulate sideways, then the pump is usually very fierce because it is the area where MM has gathered, and holders panic-sell + lose confidence.