ETH Trend Analysis! Hold on tight, folks!
Ethereum is currently playing "bungee jumping" between the high-pressure line of $2625 and the mid-line of $2530. The four-hour chart shows a "death triangle", and the dog's sickle is already sharpened!
Hardcore Data
Bull-Bear Meat Grinder: $42 million long positions and $18 million short positions were liquidated in the last 24 hours, with trading volume shrinking to 112,000 ETH. Large funds are all waiting for the U.S. PPI data release at 20:30.
Technical Alerts: The MACD double lines are about to cross bearish, with the green bars shrinking to -0.42. The four-hour RSI has soared to 78.9, indicating full overbought risk.
Hidden Chip Distribution: The dog has accumulated 58,000 ETH in the $2450-$2550 range, making this cost zone a key defensive line.
News Bombs
Bullish Confirmation: BlackRock is in talks with the SEC regarding ETH spot ETF staking features. If approved, it could bring in $600 million to $900 million in institutional funds annually.
Bearish Confirmation: The Pectra upgrade confirmation has been delayed by three months, with gas fees only dropping to $0.003. A large Uniswap holder has actually withdrawn 9,500 ETH.
Life-and-Death Operations
Breakout Scenario: If it breaks through $2625 with volume, you can chase the rise, but you must set a $200 trailing stop loss. Reduce positions by half at $2680 and clear out before the previous high of $2750.
Crash Scenario: If it drops below $2530, immediately stop loss. $2390 becomes the last defense line, and if broken, look for the $2250 gap.
Hidden Opportunities: The ETH/BTC exchange rate has actually risen to 0.025, with Layer 2 leaders OP and ARB being researched by BlackRock. It is recommended to reduce positions to 15%.
Life-Saving Strategy: Lock in a 2x leverage before the PPI data, with a cloud stop loss set at $2450!
Remember: The dog loves to kill the naive who chase up and down. Better to miss out on 30% profit than to get caught in a needle!
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