At this moment, you are staring at the price of ETH — $3850! But just early this morning, Chuanzi announced that the US and Europe reached a 15% tariff agreement, boosting the already high morale of the bulls, causing ETH to surge to $3886, just one step away from $3900!
But suddenly, the market hit the brakes and pulled back $45! Do you remember I mentioned last week that every pullback is an opportunity for institutions to get on board?
Did you panic when it pulled back $45 in one go? 'Do you feel a big drop is coming?' 'Should I run now or buy the dip?' Don’t rush! This pullback is not a 'top signal', but the main force is 'digging pits to bury people' — burying the bears, burying those who miss the opportunity!
Why do I say this? Because:
Technical aspect: On the candlestick chart, ETH is moving towards 'a new rising technical pattern, breaking $4000 is just a matter of time! (Carefully look at the new technical pattern I drew today in the purple channel part)
Capital situation: ETF funds continue to flow in, institutions are secretly 'scooping up', and the pullback is giving retail investors an 'onboarding opportunity'!
News: Pectra upgrade, RWA tokenization... ETH's 'big benefits' are yet to come!
My viewpoint:
The latest technical pattern shows that ETH is 'gathering strength to reach $4000'!
1. New technical pattern of ascent: breaking $3900 is just 'warming up'.
Resistance: $3950 (red line)
Key: $3810 (yellow line)
Support: $3760 (green line)
The current market has established a new technical pattern, the wide oscillation wave strategy from last week has ended. Every time the market establishes a new technical pattern, I always notify the friends who have followed me in the village at the first opportunity. If anyone hasn’t received the reminder yet, please follow me and pay attention to my homepage.
Keep a close eye on ETH, there is plenty of meat for us to feast on!
2. Volume does not lie.
Observe the trading volume:
This morning when it surged: trading volume increased, indicating that the bulls were 'testing the waters'!
During the pullback: trading volume shrinks, indicating insufficient strength from the bears, the main force is 'controlling the market'!
Why is this important? Because 'volume reduction pullback' is a typical characteristic of the main force washing the market!
Main intention: Let retail investors 'panic sell', while they scoop up chips at low prices! (The $45 pullback this morning is typical, understand this, and this is the reason why I said in my last work that the dog fund is afraid of you!)
Remember: In the crypto world, 'poor people' rely on luck, 'rich people' rely on information disparity!
What kind of person do you want to be?
If you are not clear about the specific timing, you can follow me, and I will provide real-time reminders to friends who have followed me in the village 24 hours a day. Pay attention to my homepage.
Do you think it can reach $4000 today? Feel free to leave your comments!
