Attention: The ETH market is about to undergo an epic transformation!
Mig combines real-time data and technical structure to break down the underlying logic of this long-short battle—not just K-lines, but a three-way game of funds, emotions, and news!
Technical analysis: The critical point has been reached, 4187 is the last line of defense!
The 1-hour K-line just pulled back from the upper Bollinger band, with a death cross appearing, but the price remains stable above 4162, indicating that the bulls have not completely given up.
The key level of 4187 is not only the resistance of the previous high but also the convergence of the Bollinger middle band and the Fibonacci 38.2% retracement! Breaking through here will open the upward channel, targeting directly at 4350!
If it fails, the support at 4060 below will be the bears' target—once it breaks, panic selling will occur, accelerating the decline!
News: Undercurrents are swirling, the whales have been quietly positioning!
ETF expectations rise: The SEC's decision window for the Ethereum ETF is approaching, institutional accumulation is nearing completion, and once the favorable news lands, 4350 is just the starting point!
Grayscale ETHE negative premium narrows: Significant signals of large funds bottom fishing, on-chain whale addresses have increased their holdings by 120,000 ETH in the last three days!
Federal Reserve interest rate suspense: If Powell's speech tomorrow night is dovish, cryptocurrencies will surge across the board!
Mig's perspective:
Bulls must break through 4187 with significant volume to win!
If ETH/USDT trading volume surges after the US stock market opens tonight, combined with strong BTC performance, the breakout probability is as high as 70%!
But if 4187 is repeatedly tested and fails, be sure to reduce your positions! 4060 might not hold—4020 (CME gap) below is the real bottom!
Operational suggestions:
Breakthrough 4187: Go long, target 4280→4350, stop loss at 4150!
4187 under pressure: Short on the rebound, target 4100→4060, stop loss at 4220!
Retail investors must pay attention: Don't hold onto your positions! Tonight's volatility could explode, leverage traders be cautious!
Blind trading = losses! Follow Mig closely, learn professional thinking and strategies, and say goodbye to trading 'by feel'! Click on the profile picture; change starts with following!
$ETH
