Ethereum (ETH) – Market Manipulation in Play
Ethereum failed to hold above the $4,600 level and extended its decline toward the next support zone at $4,400 – $4,300, where the ascending trendline and moving averages align. This area is now a crucial battleground between bulls and bears.
What’s notable is the clear sign of market manipulation by large players: short positions are being opened on futures markets while, at the same time, spot accumulation continues. This divergence suggests a deliberate attempt to shake out leveraged traders before a potential reversal.
In the short term, volatility is expected to remain within normal ranges, meaning traders should either manage risk carefully in short setups or wait for a clear bounce and confirmation of reversal before entering long positions.
If ETH holds the $4,300 zone, we could see a rebound toward resistance levels. However, a breakdown below this area would likely accelerate a move down to the psychological $4,000 level.
Key Levels to Watch:
Support: $4,400 → $4,300 → $4,000
Resistance: $4,600 → $4,850
Patience is key here — the market is trying to trap weak hands.
