The K-line is the X-ray of the cryptocurrency world, this morning this chart clarified the truth: ETH is pinned at the coffin seam of $2676.59-$2676.78 with a gap of $0.19!
Ethereum key price level
Death support band: The green buy zone in the chart is actually $2676.59-$2676.60 (not $2676-$2677), here the order volume reaches 284.73 ETH, equivalent to a support of $760,000. Last night, three dips were all absorbed, making it a 'retail investor's food supply line'.
Head pressure line: The sell peak is precisely at $2676.78, currently listing 196.45 ETH for sale, forming a natural sniper point. This morning, two false breakouts were both shot down here, the main force's intention to suppress the market is obvious.
Ultimate watershed: The purple-marked $2677.77 is the hourly bull-bear boundary, only when it stabilizes here can we dare to speak of a bull market.
The chart hides secrets
The commission ratio +0.43% confirms the slight advantage of bulls, but the volume bars continue to shrink, reduced by 63% from the previous day's peak, exposing the main force's wait-and-see mentality. Crow Brother's personal experience: On the night before the interest rate hike in September 2023, ETH also experienced a similar 'volume vacuum', ultimately plummeting by 12%!
Although the giant whale sold 48,000 ETH early in the morning and was absorbed by the market, on-chain monitoring shows that 80% of the selling pressure has shifted to the Binance futures pool, suspected of laying out short positions.
Today's strategy
Before CPI + Federal Reserve interest rate decision
Three ways to die if it breaks below $2676.59: ① Volume break (single minute > 2000 ETH) must follow shorts; ② A spike and recovery could bet on a rebound; ③ If it stays below $2676.50 for 15 minutes, the stop-loss button will be pressed!
The golden standard for breaking above $2676.78: needs to be accompanied by a single volume bar exceeding the three-day average + staying above $2677.77, otherwise, it is considered a trap for longs.
Nuclear-level alert: If the Federal Reserve releases hawkish signals, the liquidation zone below 2600 at $2620-$2580 will trigger a chain reaction!
"Brothers, look closely! This market is like licking blood on the tip of a knife—lick it right and enjoy it for a second, lick it wrong and lose your tongue. Tonight are you betting on CPI cooling to buy the dip? Or betting on hawkish sell-off? Reveal your holding cost in the comments, and Crow Brother will select three people to send (whale position monitor)! Remember: Earn coins in a bear market, make money in a bull market, and living is the key to output!"$ETH #看懂K线
I am Crow Brother, trust organization, take a walk in heaven; trust the crow, let wealth roll in the grave, if you want to know the latest news or consult and don't know what an effective breakthrough point is, you can follow me, the crow will guide you step by step without getting lost! If I can't do it, you are welcome to wake me up in the comments!