72496504533 Short-term Warning: The Main Force is Sharpening its Knives

Brothers, the recent trend of ETH makes my spine chill! The price is stuck in the lifeline zone of 2514-2564, but the pressure zone above at 2604-2614 is like a mountain pressing down, it feels like dancing on the edge of a knife.

The market is absurdly quiet, with trading volume shrinking to less than 30% of usual, this is not a power build-up for a breakout, it's clearly the bulls collectively lying flat and giving up!

Look at this moving average system, EMA24 and EMA52 are both sharply pointing down, like two knives hanging over the price.

What's even creepier is that the K-line has formed a top divergence structure, and the MACD is still declining below the zero axis, these two signals together clearly indicate that the bears are sharpening their knives. Although the RSI has made a double bottom pattern trying to struggle, it feels like it hasn't eaten enough, the rebound is soft and weak.

I checked the on-chain data and found that there are quite a few large holders' chips stacked around 2510.

If this position can't hold, the gap below at 2400 will be smashed in no time. If you ask me, this market feels like dancing in a minefield—there's massive selling pressure buried above 2600 by the main force, anyone who dares to charge forward will be shot down immediately.

Are you trapped? When will you bottom fish? Still the same old saying, feeling lost and helpless not knowing what to do, click on the avatar to comment. I need fans, you need reference.