Soaring K-lines can deceive, but volume and indicators never lie
This morning's ETH cloud-piercing arrow, is it a real breakout or just a show?
Technical analysis dissected
"High-jump athletes clear the bar but can't stop gasping for breath"
Price surged to 2788 dollars, boldly breaking through the upper Bollinger band, but the fatal blow lies in the MACD: the red bars look like they've been choked — insufficient height + no sustained volume, just like a marathon runner gasping for breath after sprinting 30 meters from the start.
Key battleground for bulls and bears
2662 dollars has become a lifeline: last night the US SEC suddenly delayed the Bitcoin ETF decision, putting pressure on ETH. If it can hold this level today, it’s equivalent to disarming the bombs of the air force. Falling below the middle track directly declares the game over — a similar pattern appeared in August, when it broke the middle track and fell 9% in a single day.
News nuclear bomb warning
Sudden good news: BlackRock just modified the ETH spot ETF application documents, adding staking terms. Potential black swan: a certain whale address deposited 120,000 ETH to Binance two hours ago, the powder keg for a dump is already in place.
Old retail investors' operation manual
Aggressive strategy:
Currently at 2788, try a small long position, but must place a stop-loss order at 2650. If it can stabilize above 2800 with volume, add to the position, targeting the previous high of 2880. Conservative strategy:
Wait for a pullback to the 2660-2680 area + a sudden spike in MACD red bars before taking action, making money with certainty.
Ending soul-crushing blow
"When all retail investors are charging at 2800 like a cavalry charge, the smart money has already ambushed PUT bets in the options market — will you choose to follow the K-line to chase highs and kill lows, or watch the whale wallets and on-chain data to launch an ambush?"
If you want to make money, don't be a solitary hero! Follow me, comment to share your views, and let's seize the lucrative opportunities of the bull market.
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