Non-farm night is filled with tension, ETH can't move down? Don't be naive, funds are dumping!

Tonight's non-farm data will be decisive!

ETH rebounded weakly during the day, with a noticeable decrease in volume at high levels, indicating that funds are withdrawing. The current trend seems stable, but it could break down at any time. If tonight's non-farm data exceeds expectations, the market will be completely out of control, and continued bloodletting next week is very likely!

If it loses 3600, the short-term rebound space will be compressed.

The 4-hour moving average shows a bearish arrangement, and the MACD death cross continues.

Key support is in the 3200-3300 range; if it breaks down, a long bearish candle cannot be ruled out.

As for altcoins, there's no need to fantasize; the current market can be summed up in one phrase:

Rising three points feels like a stroll, but when it falls, it's a bloody cut!

If ETH can't rally tonight, prepare to be bearish next week, be cautious in bottom fishing, and manage your risk well!