$ETH Triangle Convergence Tonight's Market Change: Level 3 Warning Main Force Drawing the Door
The market reveals three key signals:
First, 2473 dollars has become a dead spot, with four assaults today all being repelled, the main force's sell orders are like welded steel plates;
Second, 2468 is stacked with tens of thousands of tons of buy orders, clearly indicating that large funds are controlling the market, specifically aiming to blow up the contract positions;
Third, the more deadly issue is the cliff-like drop in trading volume, with the 25M trading volume being less than half of the first half hour, clearly the calm before the storm
The 7-day moving average just golden crossed the 30-day moving average, indicating that the short-term bulls are not dead yet
But as the triangle convergence reaches this point, the fluctuation space is left with only a 13-dollar gap between 2460 and 2473, a market change is inevitable tonight!
Focus on two breakout points: Downwards, we must defend the psychological level of 2450, if the 30-day moving average at 2454 breaks with volume, directly look at the abyss at 2420;
Upwards, we must break through the coffin lid at 2473 with volume, once we stabilize at 2480, the weekly pressure level of 2600 won't be a dream
Industry dynamics have given ETH a big boost: BlackRock ETF holdings have surpassed 200,000 units, Wall Street's old money is really voting with cash;
Vitalik just announced that the next hard fork will focus on solving the GAS issue, those blood-sucking insects in the L2 track are going to have a hard time.
But the SEC is holding back on spot ETF options trading, this bearish bomb could explode at any time.
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