Rushing to 2680 but hiding dangers? The key turning point is just ahead!

Ethereum surged 8.8% in 24 hours, breaking through the 2680 USD mark, seemingly unstoppable, but the technical indicators are now fully overloaded. Smart money has begun to quietly withdraw, and the next major correction may suddenly ignite!

1. Technical Signals: Extremely Overbought + Divergence in Volume and Price

Bollinger Band Upper Limit Under Pressure: Price is approaching the 2760 high point, with limited space for a breakout.

RSI Soars to 92.5: Remains in the extremely greedy zone for 12 consecutive hours, a technical pullback is imminent.

Declining Trading Volume: Strong price increase accompanied by a decrease in trading volume, suspected of inducing long positions.

Additionally, the price is about 20.5% above the MA200, marking the most extreme deviation this year, indicating the market is clearly overheated.

2. Main Player's Abnormal Activity: Signs of Chip Distribution Emerge

Contract Open Interest Reduced by 95.6%, leveraged funds flowing out, the main players' attitude turns cautious.

Long/Short Ratio Decreased by 2.8% in 3 Days: Capital tends to gradually shift to short positions.

Large Holders Discreetly Reducing Positions: Although open interest has increased, in conjunction with abnormal movements, it may be an opportunity to sell at a high price.

At the same time, related positive news provides limited support for prices, with sentiment driving the market while fundamentals have not followed.

3. Trading Range Analysis: Key Resistance and Support Emerging

Upper Resistance Level: 2760 (Bollinger Band Upper Limit + Historical Dense Liquidation Zone)

Lower Support Level: 2485 (MA200 and Concentrated Spot Holding Points of Main Players)

4. Trading Strategy Recommendations

Short Position Gradual Layout Range: 2700-2760

Stop Loss: 2820 (to prevent false breakouts)

Target Level: 2485

Risk-Reward Ratio: 2.44:1

Position Suggestion: Keep within 5%, if it falls below 2600, you can increase your position, but must strictly follow the pyramid increase principle.

5. Risk Warning

Whale movements may trigger a reverse explosive rally.

Funding rates remain positive, putting pressure on shorts.

Short-term outlook is for a pullback, while mid-term still belongs to a bullish structure.

Conclusion: When the market is extremely greedy, it is time for you to stay calm. Frequent inducements at high levels, don’t be the last one to take over!