The recent market for $ETH is too crazy! Whales are selling off wildly, and the bulls obviously can't hold on!
Although ETH just broke through $4220, the technical indicators are all alarming: MACD momentum is weakening, RSI is overbought, and trading volume is lagging, which is a typical "can't rise but still rising" situation. The main players might be secretly offloading, and retail investors face significant risks, with a very high probability of a pullback!
Key price levels: $4220 is the last line of defense for the bulls, $4150-$4180 is the battleground for bulls and bears, and below $4080, the bears might gain strength. Tonight at 20:30, the US PPI data will be a turning point; if the data exceeds expectations, short directly above $4150; if the data falls short of expectations, prepare to go long at $4080.
Short-term outlook: There is a high probability of a deep pullback. The main players might first pretend to push it up before crashing it down to $4080, and in extreme cases, it could drop to $3950. There is only a 20% chance it will continue to rise, but this would require the data to be ridiculously bad and break through $4220 with high volume to confirm.
Mid-term strategy: $3950 is the bulls' bottom line; if it breaks below that, we will turn fully bearish. Positioning must be strictly controlled now; according to the formula, you can only use up to 8.1% of your capital to trade. If it breaks below $4080, quickly reduce your position, and if it breaks through $4220, confirm again. Keep at least 70% cash on hand for opportunities.
The current market is very contradictory. Those with positions are advised to take profits first, and those without positions should firmly hold $4080 and not make any moves. For long-term investors, wait to slowly buy below $3950. Don’t be greedy; wait for RWA (real-world application) before making any big moves!
This once-in-a-decade opportunity, if not seized now, will truly be missed. Recently, Shisan Yi has discovered several very promising coins, which will be announced internally; feel free to reach out to Shisan Yi for a chat!
