The recent wave in the crypto world, $ETH trend, is simply a meat grinder meticulously designed by the market makers! In the chart, the price is tightly locked in the deadly range of 2540-2580, with a fluctuation range of 20 dollars, which is their tool to toy with retail investors.
At the 2565 position, there are massive buy orders stacked, seemingly to support the market, but in reality, it's a trap; above 2580, there are also large short orders pressing down, clearly aiming to harvest from both sides. Looking at the technical side, the MACD indicator is entangled near the zero axis, trading volume continues to be sluggish, and 12,000 ETH is being transferred from Binance, a storm is about to come!
On the news front, there's a standoff between bulls and bears, with the Grayscale fund's discount rate reaching a new monthly high, which is bearish, but the explosive increase in Starknet's burn volume is bullish, the situation is on the brink of explosion. I dare say, the market makers are pushing down prices to accumulate!
Those shouting "after a prolonged horizontal trend, there must be a drop" clearly do not understand the market. The market is overly bearish now, and the market makers are very likely to suddenly pump the price, wiping out the shorts.
In terms of operations, bulls, bears, and short-term players all need to keep a close eye on key points. Tonight at 21:00, the US CPI data is a critical factor; if inflation is below expectations, ETH will surely soar!
If you want to delve deep into the crypto world but can't find a clue, and wish to quickly get started to understand information asymmetry, click on my avatar to follow me for firsthand information and in-depth analysis.
