After a 14% surge in a single day, is ETH in a correction or gearing up for a second charge?
Brothers, today ETH is all about the thrill! The price is stuck at $2334, neither going up nor down, and the brothers at the peak are about to wear out their underwear. But don't panic, the seasoned driver will guide you through the slickest moves to get out of this, let’s chat while we watch!
Current situation: The battle for survival after the surge
The market makers took advantage of Bitcoin breaking the $100,000 mark, pulling ETH from $2100 to $2486, and now the price is playing the thrill game at the midline of the Bollinger Bands. Key details: Morning trading volume was only $350 million, less than half of the usual daily average; any breakout without volume is just nonsense! The funding rate of 0.008% seems mild, but the leverage for the long positions is stacked up to 2.1 times, and the weekly RSI is overbought at 78, indicating strong technical pressure for a correction.
Two strategies to get out: Respond to the situation as it unfolds
Scenario 1: Stabilize at $2330 and reduce positions
If the 4-hour K-line stabilizes in the $2330-$2340 range, it indicates that the market makers are defending the price. Take advantage of a small rebound to reduce positions by 30%-50% when it hits $2380-$2400 (the upper Bollinger Band); remember: losing less is gaining! The market greed index is at 7311, ready to change at any moment.
Scenario 2: Buy the dip below $2300
Don’t rush after breaching the $2300 round number; wait for trading volume to shrink below $180 million, and gradually buy in at $2100-$2150 with 15 orders across two levels, which can lower the average cost by 8%.
Real trading hedging strategy
Place a breakout order at $2330 with 30% of your position, and if it stabilizes at $2350, chase the price and take a profit of $50. If it drops below $2300, open a 3% short position for hedging, making profit on the decline and reducing cost on the rebound.
Three key survival rules
Position ≤ 50%: The Bollinger Bands are widening; market makers spiking can lead to liquidation as a routine.Be wary of the funding rate trap: The 0.008% rate hides a 2.1 times leverage, and a spike can blow up 30% of your position.Volume is crucial: $350 million morning volume is simply insufficient; without reaching $700 million, it’s all just paper tigers.
Hidden variables: ETF fund movements
Keep an eye on two critical levels:
Stabilizing above $2400 + trading volume breaking $700 million indicates institutional buying, you can increase positions to 70%. If there are three consecutive 4-hour K-lines closing below $2150, quickly cut losses and wait for $2000 to re-enter the market.
Are you stuck? When to buy the dip? As always, if you are confused and helpless, just tap your profile and comment. I need followers, and you need references.
Today's focus: ETH PNUT PEPE S
