The Truth Behind the ETH Plummet! The Main Force's Secret Bottom-Buying Signal Exposed, Today's Desperate Counterattack Plan!
Last night, a large bearish candle in ETH stunned the entire network, but don't panic! As a veteran in the crypto circle, I sense the aroma of opportunity. Combining the latest news this morning + technical analysis, let me explain today's operational logic!
News: The 'culprit' behind the plummet
Grayscale suddenly increased its ETH holdings:
Last night, Grayscale Fund made a large purchase, seemingly good news but it triggered market panic! The main force often sells off during favorable news, and retail investors get buried when they chase.
The Federal Reserve is hawkish:
The minutes from the early morning meeting hinted that "there may be a rate hike in September," the dollar surged, and the crypto market is in turmoil! But pay attention: large whale addresses on the ETH chain are quietly bottom-buying; smart money has already moved!
Technical Analysis: Key positions to watch closely!
Highlight this! The three lifelines in the chart:
Resistance 4377: Last night's plummet starting point; if today’s rebound can't break through, it's all just a trap!
Key level 4224: Once broken, it becomes strong resistance; the morning rebound was suppressed here.
Support 4060: The life-and-death line! RSI is nearing oversold; dare to bottom-buy with closed eyes if it drops to here!
Hidden Signals:
BOLL middle track 4255: On the 1-hour level, suppressed below; if it can't return to 4250, it's a bear market!
Trading volume surged to 71.5k: The plummet saw increased volume, indicating panic selling; the main force is secretly accumulating.
Strategy
Place long orders near 4060, betting on a rebound from the oversold condition!
Reduce half of the position at 4224; the rest depends on the breakthrough at 4377, but exit completely if it fails!
Bears, don’t be reckless: If 4250 can’t hold, short it, but you must close positions before 4060!
Beware of trend changes:
If 4060 can't hold over the next two days, the market may test the bottom again! But if it breaks through 4250 with volume, the reversal trend will begin!
A final heartfelt statement:
The plummet is a redistribution of wealth! During the main force's washout, whoever panics will lose.
Remember: 4060 is a money-making level; don't wait until it rises and then regret it!
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