The Tug of War Between ETH Bulls and Bears: Key Signals to Watch
Last night, shorting ETH yielded 60 points
Tonight, will ETH perform the 'Carp Leaping over the Dragon Gate' or 'Waterfall Falling Three Thousand Feet'? Follow me,
The market is like a chess game, every move demands caution. The price is fluctuating around 1660, with the 1600 integer level serving as the last defense for the bulls. Although the 60-point range seems small, it hides the fierce competition among the main players.
Based on the latest developments from last night and this morning, three signals are rewriting today’s script.
Latest News Interpretation
The Federal Reserve’s hawkish stance suppresses risk assets
In the early morning, Fed Governor Waller stated, 'No consideration for rate cuts until inflation is under control'
The dollar index surged, dampening market sentiment for cryptocurrencies, and ETH saw a brief spike in correlation with BTC
Ethereum's Cancun upgrade countdown is gaining momentum: L2 leaders OP and ARB both rose over 8% today, and on-chain gas fees plummeted by 30%, sparking expectations of increased ecosystem activity, which is a long-term positive for ETH
Whale Address Activity Warning: On-chain monitoring shows that a wallet dormant for 2 years transferred 42,000 ETH to Binance this morning, raising short-term selling pressure risks.
Personal Trading Strategy
My watchlist system indicates that we are currently on the 'eve of directional selection,' suggesting two sets of strategies
Wenbin's Summary
The current market is like a pressure cooker—negative news suppressing prices + technical indicators ready to launch, the main players are just waiting for a big bullish/bearish candle to break the equilibrium.
Remember two key time windows: U.S. market opening and 3 AM; proper stop-loss measures are essential to survive until the trend becomes clear.
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