Brothers, Ethereum's movement today is quite interesting! Let's discuss the key points, no need for those technical terms~
Support level
1. Short-term lifeline: around $2500 (it has already been broken once today, but pulled back in the afternoon, indicating that there are bottom-fishing funds playing tug of war here)
2. Life and death threshold: $2411 (this is the trendline support drawn last week; if it breaks, it might head straight for $2300 to find support)
Resistance level
1. Rebound ceiling: $2600 (it couldn't break through after two attempts this morning, trapped positions are frantically selling here)
2. Ultimate resistance level: $2708 (last month's high point; if it breaks, the bears will collectively cry)
Technical analysis mysticism
- MACD green bars are getting longer (bears are having a party, don't easily catch falling knives)
- KDJ indicator is swaying around 50 (both bulls and bears are observing, waiting for news to ignite action)
- Moving averages are twisted like a twisted donut (short-term trend is unclear, it's suggested to mostly watch)
Tricky operation tactics
1. Short selling play: wait for the price to rise near $2600, place a short order to test the waters, set a stop loss at $2630, targeting first at $2500
2. Bottom-fishing posture: if it drops to $2500 and doesn't go lower, take a light position, set a stop loss at $2470, and run when it rebounds to $2600
Risk warning
- Options bomb: over $500 million in options expire tonight, with the maximum pain point at $2200 (the market makers might maliciously push down the price)
- Big whales are making moves: a certain big player just withdrew over 5 million ETH, Grayscale is also secretly unloading (keep a close eye on institutional movements)
- Volume drop: trading volume is getting smaller (it's easy to be caught off guard by a sudden plunge, don't hold too heavy a position)
Lastly, a heartfelt statement: this market is like a roller coaster, tighten your seatbelt! It's recommended to check the market every half hour; news about the Federal Reserve's interest rate hike could ignite the market at any moment~#ETH突破2500 #ETH $ETH