ETH Today's Market! The Midline Life and Death Line, New Tricks from the Whale
Today's price action is tougher than 'Squid Game'! The four-hour chart has the price stuck at the midline of $1798, bouncing like bungee jumping, with a hit to the upper line at $1824 being a guillotine, and a drop to the lower line at $1746 being a meat grinder. Both bulls and bears are playing psychological warfare here!
Three death details to watch closely:
1. Midline Defense Meat Grinder: The price has been clinging to the midline of $1798 for three days, harder to predict than a mother-in-law's mood. Last night, it spiked down to $1755.1, triggering 12 million dollars in long positions. If it breaks $1746 again today, it will send the bulls to the rooftop directly, referencing the wave on April 28 when the price dropped from $1820 to $1750 in just 2 hours.
2. MACD Death Kiss: The DIF and DEA are playing backstab, and the histogram is green and oily, indicating that the bulls are at the end of their rope. But be careful! The histogram is starting to narrow, like Tyson touching his pocket after being hit—ready to retaliate at any moment.
3. Volume Shrinking to Paper: The trading volume of the last four candlesticks is more pinched than an ant moving. On-chain monitoring shows that a giant whale just transferred 30,000 ETH to the exchange; last time he transferred coins, the price plummeted by 8%, and with Coinbase's funding rate spiking to 0.08%, the whale's scythe is already smoking.
Operations:
Bull's Suicide Squad: Wait until the price stabilizes at $1824 before acting, don’t be like old Li who went all-in at $1800 and got hit down to $1755. If you want to play, set a trap below $1746; if the whale smashes the market to trigger stop-losses, we’ll scoop up the dead chips happily.
Bear Sniper: If it breaks $1746, close your eyes and short, but set a 2% stop-loss! Last week, it faked a drop below $1768 and immediately reversed to $18217; the shorts are still floating in the sky.
Zen Old Hand: Watch the changes in the MACD histogram, play dead before the golden cross. This market is like a crocodile waiting for dinner, and those moving around are just the meal, referencing the sideways action from April 14-18 for 4 days, and once the direction is clear, it will shoot straight up by $200.
Are you stuck? When to buy the dip? It's the same phrase: if you're confused and helpless about what to do, click on my profile to comment. I need followers, you need references.
Watch for today: ALPACA XRP TRUMP SUI
