April 11th $ETH Battle Report: The $1500 life-and-death line has been defended, but a greater thunderstorm is looming overhead
The early session spike exposed the main force's bottom card
ETH plummeted to $1504 at 8 AM today, instantly blowing up $230 million in short positions before violently rebounding, closing at $1546.7 on the 4-hour line, precisely hovering above the Bollinger band middle track of $1540.46. The manipulation here is severe—$1504 is just above the last defense line of the weekly support at $1384.06, with 125,000 options contracts disappearing at this position.
1: The technical aspect hides three lethal traps
1. The Bollinger band has narrowed to a death triangle: The upper track of $1671.02 coincides with the weekly pressure level of $1650, and the middle track of $1540.46 serves as a meat grinder for bulls and bears during the day
2. MACD is showing a golden cross below water but with a divergence in volume: 4-hour trading volume has shrunk by 37% compared to yesterday's crash, with the rally relying entirely on futures leverage
3. CME gap of $1618 hangs overhead: The interest rate hike gap from March has yet to be filled, breaking above $1600 will trigger algorithmic trading sell-offs
2: Sudden news hits with two heavy blows: The SEC has delayed BlackRock's Ethereum ETF decision until May 23rd, but the Deutsche Börse has quickly launched ETH staking futures, with hedge funds accumulating through dark pools. Keep a close watch on Coinbase's premium rate tonight; if the premium drops below 0.8% after the US market opens, be cautious of spot selling pressure.
3: Tonight's operation at the life-and-death line
1. Bullish survival: Hold the middle track of $1540.46, break through $1578 (4-hour EMA144 pressure) with volume to trigger algorithmic chasing
2. Bearish nuclear bomb: Breaking through $1504 will trigger on-chain liquidation; the lower Bollinger band at $1409.91 is just an appetizer, while the weekly support at $1384.06 is the real execution ground
Let’s talk about truths that others dare not touch
1. For spot players, don't reach out at the current price; wait for a confirmation after breaking $1578 before entering, and flee if it falls below $1533
2. Suggested contract orders: Long positions should be ambushed at $1521 (the starting point of today's spike rebound), and short positions should target $1563 (1-hour chip peak)
3. If the Fed's minutes tonight hint at a rate hike in June, the ETH/BTC exchange rate is sure to break 0.052, so those holding altcoins should hurry to switch
I am Aqi, focused on breaking extreme market situations, only bringing true warriors to score
