ETH Grinder Market Begins: The Life-and-Death Line Behind the Double Kill of Longs and Shorts
Today's four-hour K-line of Ethereum is giving people a headache, with the price hovering below the middle Bollinger band at 1872, while the market manipulators have forced the volatility to compress to less than 5% between the upper and lower Bollinger bands. What's even more nauseating is that the MACD's DIF and DEA are tangled around 46, with the histogram shrinking into the -158 hellish value, playing dead, and the VOL has shrunk to less than a third of the MA20 average volume line. This kind of low-volume oscillation clearly signals the prelude to a liquidation grinder. On-chain data exudes an eerie vibe: ancient whales that have been silent for three years transferred 20,000 ETH to Binance early this morning; these old foxes always bring bloodshed when they take action.
The news front is already a powder keg. After 17 days of net outflows from the Ethereum spot ETF, there was suddenly a net inflow of $4.68 million, but this feels more like the market manipulators' sleight of hand. Even more dangerously, Ethena, with a TVL of $5.3 billion, announced its migration from Ethereum's mainnet to its self-developed Layer 1, directly siphoning off the foundational liquidity of the ecosystem, and the mainnet GAS fees have plunged to a new low for the year, with even miners starting to shut down. The Layer 2 security roadmap recently thrown out by Vitalik sounds intimidating, but the market is voting with its feet—SOL ecosystem's Pump.fun has snatched 20% of DEX trading volume, and Raydium is being beaten back by the newcomer PumpSwap on the meme coin battlefield.
In terms of operations, remember the three iron rules: place a spot buy order at 1750 to pyramid down, increase the position by 10% every $30 drop, and if it falls below 1700, play dead; for contract traders, open a short position above 1820, with a stop loss at 1850, targeting the previous lows; leverage must be kept below 3x, as this kind of low-volume oscillation can crush all stubborn gamblers. The only hope for the bulls now is the daily EMA300 supporting at 1732, but if that 20,000 ETH dumps, the 1700 threshold could quickly turn into a waterfall starting point.
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