Technical analysis battlefield
Life hangs by the moving average wire
Current price $2403 is stuck just below the life and death moving average EMA14 at 42407, 0.5% position, it feels like stepping on a cliff
Keep dancing!
Danger signal: The closing price has been pressed by EMA55 $2409 for three consecutive weeks; this yellow line has become an 'iron ceiling' since the last breakthrough a month ago.
Turning Point Dawn: As long as the weekly K line stabilizes at 2407, combined with increased volume, it may directly bounce to 2560, the pressure level of the blue line in the chart.
Support level is the last line of defense
2384 absolutely cannot break! This position is the weekly chart's major bottom; even the Israeli missile strike in June couldn't break through, it plunged to 2350 and then immediately bounced back.
If it breaks, the next coffin board is at $2200, where institutions built positions last year, but if it really gets to this point, at least 2 billion will be liquidated across the network!
Trump's interest rate cut bomb
This week, the old man says 'must cut interest rates by 2%', if really implemented, ETH can get a sip of soup and surge with BTC. But beware of the wolf coming; the Fed's dovish remarks could lead to a surprise rate hike, which has happened three times in 2023!
The Senate discusses cryptocurrency market structure on Tuesday: CFTC seizing power vs SEC bullying, different outcomes:
CFTC wins: ETH is considered a commodity, spot ETF approved instantly, a catalyst for a surge!
→ SEC wins: Putting the 'securities' hat, a short-term drop of 10% starts!
The strategy given by the sea to the old iron
Violent Bottom Buying Zone: Limit order $2385, the iron bottom in the chart, if it breaks, immediately stop loss and recognize the loss!
Breakthrough Pursuit Point: If it breaks through with volume above 2450 EMA55 yellow line, you can add positions, target 2560→2700
Killing Formula:
Reduce positions before the hearing
Stop loss must be firm when breaking
Trump tweets, hurry to take a look
Middle East bombing, buy U and lie down first!
Final violent words: The dealer is sharpening their knife at $2400, you and I as retail investors either grab the meat from the tiger's mouth or protect ourselves to survive! Remember: protecting the principal is necessary to pick up bloodied chips#ETHETFsApproved $ETH
The market is changeable; pay attention to the sea's real-time layout of the macro trend