Today's ETH Trend! Sideways waiting for a big move, whale traders sharpening their knives for liquidation!
First, look at the technical side, then delve into the news, and finally use hardcore strategies. After reading, just copy the homework!
1. Technical Analysis: Whale traders sharpening knives, mutual slaughter between bulls and bears
The Bollinger Bands are tight as a leek knife, countdown to a trend reversal
ETH is currently stuck in the Bollinger Bands between 2550-2700, tighter than a grandma's belt. This sideways movement is like the calm before a storm, with both bulls and bears holding their breath for a big move — either a surge to 3000 or a drop below 2500, with the indecisive getting chopped into leek scraps!
The MACD golden cross is just a false signal, don’t force it if the oil isn’t enough
The MACD has indeed shown a small golden cross, but the trading volume has shrunk like a cat that hasn’t eaten for three days. Referencing the case of a spike to 2700 on May 14 followed by a flash crash back to 2550, a breakout without volume is just a whale trader's trap to harvest leeks! On-chain data is even more heartbreaking: whale holdings have dropped from 38% to 36.8%, and net inflows to exchanges have surged, with big players pulling out while they push prices up.
2. News Analysis: Three fires roasting leeks
Federal Reserve interest rate cut promises: A player teasing the appetite
CPI data has dropped to 2.3%, and the market is hoping for a rate cut like a hungry dog eyeing a meat bun, but Goldman Sachs is pouring cold water: "Let’s talk again in December!" ETH now feels like a dog being walked by the US stock market; it doesn’t dare move without its master.
ETH Spot ETF: Institutions playing double standards
Grayscale’s ETHE funds are rolling out, but institutions like BlackRock are secretly increasing their positions. The SEC is still sipping tea and reviewing, without this powerful drug, can ETH break 3000? That’s just a dream!
Pectra upgrade landing: Good news turning into 'cool news'
After the upgrade, transaction fees have been cut to $0.001, but the market reaction is colder than plain water. Whale traders have already cooked the good news in advance, and now we need to guard against a sell-off of “buy the expectation, sell the fact”!
Summary
Today, ETH is like a “pressure cooker stray dog”, the longer it stays sideways, the more violent the trend reversal! Remember these three life-saving mantras: Only chase after a breakout with volume, boldly catch a sharp drop, and don’t be impulsive while it’s sideways! Keep enough ammunition, wait for the whales to flip the table before acting, don’t be cannon fodder before the gunfire!
Are you trapped? When to bottom fish? It’s still the same thing, if you feel confused and helpless about what to do, click on my profile and comment. I need followers, and you need references
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