The ETH breakout battle has begun! Whale dumping strategy revealed, will it collapse if it doesn't break tonight?
ETH has completely shattered the retail investors' mentality! The current price is hovering around $1835, with the $1900 mark resembling an insurmountable barrier, only 3.17% away from the current price, yet it can't seem to break through.
Even more astonishing, the member-exclusive chip distribution chart shows that most holding costs are concentrated in the high price range, with selling pressure above as heavy as a mountain; breaking through will require the main force to spend money to survive.
Analysis of the main force's pressure tactics
From the order book, the main force is simultaneously placing large sell orders at $1900 while secretly accumulating shares near $1850. It’s like playing “eagles catch chicks,” where retail investors are desperately trying to break even below $1900, while the main force quietly picks up cheap chips above $1850.
The candlestick chart shows a doji, and the trading volume has shrunk to a minimal level, with market hesitation so thick it could be wrung out for water. Is this really how a bull market should look?
Key price level game
Now focusing on three critical thresholds:
$1800: This is the low point from March 26, and also the lower band of the daily Bollinger Bands; breaking below may directly test $1750;
$1850: Whale holding cost area; if it stabilizes, it may trigger protective funds to enter;
$1900: A dense area of trapped positions above; breaking through requires a doubling of trading volume.
Operation suggestions
For those holding: hurry to reduce positions near $1860, don’t fantasize about a rebound; For those looking to bottom fish: wait for the $1800 round number to confirm effective support before taking action; entering now is like catching flying knives;
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