ETH Bull-Bear Meat Grinder, Should Retail Investors Go Long or Escape?
1. Keep an Eye on This Key Position!
2568 ETH is currently like lettuce sandwiched in the middle of a burger, with three layers of burger meat piled up between 2570-2580. The long upper shadow 'lightning rod' candle from the early morning clearly shows that the market maker tried to raise the price for a test and then sold it back down. But if you look below, around 2560, the MA30 and the BOLL middle track are twisted together like a twist tie, firmly acting as a spring support. This position has been poked by bulls and bears at least 5 times without breaking.
2. Grayscale ETHE Fund Suddenly Increased Holdings by 28,000 ETH Last Night
At the current price of 2568, this amounts to 71.8 million USD in real funds entering the market. On-chain evidence: the whale 0x8ae placed three buy orders of 5000 ETH each at 2563, which shows strong support. However, looking at the trading volume pillar at 71.6k, compared to the 132k volume when it broke out the day before, it's like a small witch against a big witch; we need to wait for a million-level volume to charge forward.
3. Bitcoin is Stuck at 69888 Playing 'Walking the Tightrope', CME Futures Gap at 70500 is Attracting Prices Like a Magnet. Historical Data Speaks: The probability of CME gap filling in the past three months is 68%. If Bitcoin can leverage tonight's CPI data expectation of 3.4% to break through, ETH will certainly ride the coattails. But be cautious! Internal news from the Labor Department indicates that the medical price index could soar to 5.2%, which equals laying mines for the bull market.
4. Trading Strategy:
Currently, remember three 'Don'ts': Don't chase the rise, don't heavily leverage, don't hold positions. Place a limit order to buy at 2562, with a stop-loss at 2553. If the CPI is favorable and there’s a breakout with volume above 2580, wait for a pullback to 2572 to confirm before adding positions, aiming for a target of 2620 options pain point. Do the bears want to sell off? Unless there’s an explosion of 150k volume within half an hour to break through 2550, but the probability is less than 25%.
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