Those who have been in the crypto world for a long time understand, "the market is like a play, all relies on the dog boss's acting skills." And ETH on August 20, 2025, has taken this "tragic play" to the extreme—from K-line to news, everywhere are carefully dug traps, every so-called positive news is a scheme to trap people. Today, Qing Yao will take everyone to clearly analyze this wave of ETH market and see how the bulls are repeatedly rubbed against the ground.

K-line disaster: Bollinger Band opening downwards, 3950 becomes a "meat grinder"

Open the ETH chart, and the first sight can shock you with that terrible Bollinger Band—looks just like a balloon that has been punctured, hanging straight down. The white middle line is even harsher, directly morphing into "High Voltage Barbed Wire", and the price doesn’t even have the courage to get close, sliding along the lower band like a "free fall simulator" live streaming.

Looking again at the highlighted point around 3950, it's basically a giant bull-bear meat grinder—bulls just rush in and get cut off cleanly, while bears come in and make a fortune. The adjacent red arrows seem to gloat: "Don’t run, fellow villager, there are still three layers of basement below!" What’s worse is that the descending channel has long been welded shut; each time the price tries to struggle and rebound, it gets slapped back by the middle line, a definite "rebound is the short point" script. Now the bulls are probably looping (cooling off) in their group, with no strength left to complain.

Volume metaphysics: main players "quantum unloading", bottom-fishing funds collectively "pretending to be dead"

Turning to look at the volume chart, the red and green bars alternate like traffic lights at an intersection, but this light is making people feel uneasy. The main players are clearly playing the trick of "quantum unloading"—pulling up a red bar to pretend to rebound and lure in buyers, then as retail investors jump in, they immediately smash out a green bar to trap people, with the MA5 volume line being pressed down and rubbed against the ground, without even a bit of resistance left.

The most critical point is that the 5-day average volume is only 162k, firmly pressed below by the 10-day average volume of 194k. What does this indicate? Those who usually shout "buy more as it drops" for bottom-fishing funds are now all shrunk on the shore, watching as spectators, no one dares to jump in easily. The current market sentiment is like a "zombie siege"; those alive are pretending to be dead, and those who dare to move have basically become cannon fodder.

Indicator complaints: MACD "Death Kiss", RSI plays "Don't Go, Fellow Villager"

On the technical indicators side, it's simply a scene of black humor. First, looking at MACD, the moment the fast line crosses below the slow line, that green bar is greener than freshly cut chives at the market. This dead cross is not an ordinary dead cross, it's simply a "Death Kiss"—short-term bulls seeing this trend are advised to just lie flat and not struggle; the more they struggle, the more they will lose.

Looking again at the RSI three lines, they are all lying on the ground pretending to be dead; this is most likely a classic trap of "Don't Go, Fellow Villager", just waiting for greedy retail investors to jump in. Overall, from a technical perspective, the bears have long controlled the market tightly; if there’s a short-term rebound that fails to break the middle line at 4100, that’s a gift for shorting. For those still thinking about bottom fishing, it's suggested to recite (Great Compassion Mantra) three times to calm down, lest they turn into the bag holder in a moment of heat.

Brother Bao's suggestion: short-term "taking risks in the fire", Buddhist-style "out of sight, out of mind"

If you really can't help but want to trade short-term, remember this is purely "taking risks in the fire"—stop loss must be set below 3950 by 3%, or it could easily turn into "charity gambling", giving away the principal for nothing. For contract experts, it's even simpler; if the 4-hour level hasn't firmly stood above 4100, don't be tempted to go long. The current trend is clearly downward; "better to miss a short than to let one go" is the way to survive.

As for the Buddhist Holder, Brother Bao's advice is to uninstall the exchange app directly and silently recite "If I don't look, it hasn't dropped" three times. This may seem like self-deception, but it is actually the ultimate defensive skill for survival in the crypto world—out of sight, out of mind; maintaining a good mindset is more important than anything else.

Tonight's market is destined to determine life and death; are you ready for the "dog boss roller coaster"? To be honest, today's ETH trend perfectly illustrates what it means to "fall and not be recognized by mom". But seasoned investors know that the market always rebounds "in despair". Tonight, whether it's meat or noodles, let’s wait for the result together and see who ends up being the winner and who the leeks are! Hurry up and follow @魔术手宝哥 , to help you turn the tables against the wind in this market and avoid being harvested by the dog boss!