$ETH Has been doing a lot this period. The manipulation is something like I have not seen before.
Just yesterday alone a 2.2% wick up, 2.3% wick down then 1.76% candle body.
All in 1 day candle. Thats crazy volatility.
I had to step out in a loss on my futures buy position of around $100 and sold all my spot Ethereum.
Am 100% in USDT now. While I watch but remain bullish.
I fell for the shake of week hands. But overall am in a profit of $3,100 although i joined the party late because of delayed funds.
Will be adding more $7,000 funds to Binance to get back into Ethereum if/when price goes lower. Else, I Buy anywhere and ride the wave as it goes up.
Eth chart update shows price is always driven down by the bears but bulls prevent any 4 hour candle from closing below $4,257.2 range.
I feel they are inching the lows lower each time and avoiding a close below the previous low which will indicate a break of structure like the ICT/SMC traders will call it.
On 4 hour candle does the damage and then the next recovers it.
I will resist the market until after the release of US economic data on the 5th because any move up can reverse with the next 4 hour candle.
Thats the game being played.
Imagine a 4 hour bullish candle (yellow arrow pointing down) which should suggest a price continuation up been taken out. That is against candlestick rules.
Now price has swept the low and taken liquidity and naturally now it should create a local higher high to take out the liquidity up above the super bullish candle.
I hope to watch from the sidelines but I hope not to be tempted as the market has a lot of temptation that requires discipline.
$ETH Price should push to around 4,463 to 4,467 range then most likely a final drop to 4,107 to 4,109 range where i expect a heavy buy and the candle will have a long lower wick.
Fear & greed is t 39 which is good. RSI is also cooling off.
I believe we are in the retracement of wave 3 which is wave 4 before one final push downward. Or not 🚫
I remain bullish unlike some who say we might have topped out of the bull market and we are entering bear market.
Everyone with their sentiment and bias. Play with yours. They are not giving crypto award for who called the top.
I am so convinced that even if other coins have topped out, Ethereum hasn't.
2 options. Either we make it or we Make it. We have no other choice.
My long position is still open. I'll add to it as we go lower. Just added small to the position.
I saw 130% loss and now at 53% which i held all through at 20x leverage. Liquidation is 3,090 which we shouldn't get to.
As i add more to my position i will add more asset to maintain a low Liquidation.
Risking $1,000 max which is almost 2million in my currency. Am up $4k on Ethereum so far.
Ethereum's Potential Bear Trap Could Lead to Record Highs
According to BlockBeats, analyst Johnny Woo suggests that while Ethereum (ETH) may initially appear bearish, it could develop into one of the largest bear traps he has witnessed. Woo notes that charts indicate ETH might form a 'head and shoulders' pattern in September, potentially breaking out during an 'October rally.' In this scenario, Ethereum could drop to a support level of approximately $3,350 in September before rebounding in October and reaching new all-time highs in November.
A similar pattern occurred in September 2021, when ETH fell 30% from $3,950 to $2,750, only to rebound to a record high in November.
Tom Lee says Wall Street is all in on $ETH because they want 100% uptime, not speed. He also noted that people only fear Ethereum because the price has been “stuck” for years. Now, Wall Street is preparing to build its core infrastructure on Ethereum, calling it the backbone of global finance. This comes right after his prediction that $ETH could surge to $12K — urging investors to buy the dip. Are you buying the dip? #NewHighOfProfitableBTCWallets #USGDPDataOnChain #PCEMarketWatch #BinanceHODLerDOLO
It depends on your liquidation price & funds you have. But trust me, i don't think eth is done. 8k is Sure for Ethereum. Close soon quickly
梦生缘
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NVIDIA's earnings report was negative, but at the same time, they issued a $60 billion reverse repurchase, which ultimately turned positive. 🐶. Now I'm stuck with three contracts that I can't resolve. $SOL $ETH
There is two ways this drop could go. I hope it's a high low at 4,338 - 4,372 that will take price to 4,517. Then we go higher or else we drop to 4,200 to 4,261 range from there.
Or the market just drops straight to 4,200 to 4,261 as always because it doesn't like giving warnings.
It's been one hell of a ride. If that happens, then it should be our final drop because any 4H close below 3,920 is means things have changed.
But don't be surprised it can happen and reverse like a flash. The big whales just want a discounted entry.
Ethereum is their only Major play now for great gains unlike Bitcoin.
Watching my long position. Might close in small profit and open lower.
There is two ways this drop could go. I hope it's a high low at 4,338 - 4,372 that will take price to 4,517. Then we go higher or else we drop to 4,200 to 4,261 range from there.
Or the market just drops straight to 4,200 to 4,261 as always because it doesn't like giving warnings.
It's been one hell of a ride. If that happens, then it should be our final drop because any 4H close below 3,920 is means things have changed.
But don't be surprised it can happen and reverse like a flash. The big whales just want a discounted entry.
Ethereum is their only Major play now for great gains unlike Bitcoin.
Watching my long position. Might close in small profit and open lower.
The mistake is traders try to dictate but instead u are meant to form a high probability bias based off confluences. Just like a forcast but we forget a forcast is just what it is.
CRYPTO MECHANIC
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I always thought I can know what the market will do. Trading influencers made me believe that. Nobody truly showed what the real gaming is all about. So it took me years to truly realize you just never know.
No matter how much you know, no matter how smart you are the market will do whatever it wants. And once you stop expecting things and projecting your opinions into the market, you open a whole new world! You unlock an objective mind, that allows you to flow with the market.
And the market will tell you all you need to know.
$ETH There is also a possibility of price getting to 4,368 to 4,388 Range where massive buy could happen.
Thats an area of resistance tested 3 times in the past, broken twice but only retested once (The white rectangle) which tally with the 0.786 fib level.
The last break was recently and we could test it now as a support.
I adjusted the small white trendline to account for the wick of the God candle.
The is also a FVG there that needs to be filled.
I believe we are in the retest since the move down yesterday which will form a Lower High before creating a Lower Low of this trend.
$ETH Here is another update. I know I have not been sharing charts and that's because mobile doesn't allow me upload pictures in the app.
So, he is a chart but sorry I used Ethereum CM futures chart but not much difference.
I feel the retracement is almost over. The market didn't give a retest of 4,800 to get out as usual.
$ETH
We broke out of the blue coloured channel to create the new 1st and 2nd ATH.
From the high at 4,795.95 to the new ATH which forms the Top of the new yellow channel.
The white longer trendline has given us too touched same with the smaller inner white trendline.
The fib of the larger move which bounced at 0.5 fib level at 4,073.5.
On the smaller move which created the proper New ATH, I am expecting price to 0.618 fib level at 4,492.38 which will be a range to 4,455.24.
This region coincides with 0.236 fib level of the larger move, the smaller trendline, the middle line of the big yellow channel which is always a point at which price bounces before going to the lower line of the channel but in this case I doubt it will happen because of the larger trendline even if the smaller trendline fails to hold the 3rd time.
I will be adding to my long position heavily there.
But before that, we will have a fake bounce, then a liquidity sweep lower than that bounce low before the move to 5,186.08 and then 5,503.96
So, this is how I analyse the market. It's just a bias and not a certainty so please don't take this as financial advice.
Let's discuss in the comment what your thoughts are.
$ETH Here is another update. I know I have not been sharing charts and that's because mobile doesn't allow me upload pictures in the app.
So, he is a chart but sorry I used Ethereum CM futures chart but not much difference.
I feel the retracement is almost over. The market didn't give a retest of 4,800 to get out as usual.
$ETH
We broke out of the blue coloured channel to create the new 1st and 2nd ATH.
From the high at 4,795.95 to the new ATH which forms the Top of the new yellow channel.
The white longer trendline has given us too touched same with the smaller inner white trendline.
The fib of the larger move which bounced at 0.5 fib level at 4,073.5.
On the smaller move which created the proper New ATH, I am expecting price to 0.618 fib level at 4,492.38 which will be a range to 4,455.24.
This region coincides with 0.236 fib level of the larger move, the smaller trendline, the middle line of the big yellow channel which is always a point at which price bounces before going to the lower line of the channel but in this case I doubt it will happen because of the larger trendline even if the smaller trendline fails to hold the 3rd time.
I will be adding to my long position heavily there.
But before that, we will have a fake bounce, then a liquidity sweep lower than that bounce low before the move to 5,186.08 and then 5,503.96
So, this is how I analyse the market. It's just a bias and not a certainty so please don't take this as financial advice.
Let's discuss in the comment what your thoughts are.
$ETH Stop losses become liquidity for the market. No one expected the shake but volume spoke it all.
A rise with low volumn is always a trap. What Ethereum built in price movement in 3hours 30mins was taken in 1 30mins candle.
Always wait for a 4hour candle to close b4 making a decision @RyanThomas
baebae9813
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Bearish
JUST IN: ≈$250M in crypto longs wiped in ~30 minutes.
Cascades hit across majors and perps as liquidity thinned.
What it means (quick read):
💥Cascading stops → thin books: Once initial wicks triggered, forced selling snowballed. Expect choppy rebounds. 💥OI + funding reset: Watch open interest and funding into the next session—flushes often reset the board for the next move. 💥Alts amplify: High-beta names and memecoins typically overshoot both down and up after a liquidation wave. (Stay nimble.)
My playbook: ⭐Let price reclaim intraday breakdown levels on 5–15m before fading fear. ⭐Spot > high leverage until OI stabilizes and funding normalizes. ⭐Track CoinGlass for heatmap levels & “max pain” zones to avoid getting steamrolled.
I’ll ping again if the next sweep pushes totals higher or if we see a clean reclaim.