Last night at 20:30, as soon as the data was released, ETH surged like a lit fuse, rocketing from a low position, causing a sudden market explosion. Old Zhu had already reminded everyone: 'This wave of market movement is a quick in-and-out opportunity, don't be greedy!' Facts once again prove that those who kept up with the rhythm have seized this profit opportunity.

Subsequently, the market entered the classic 'smash first, pull back later' mode. In the early hours, ETH once dipped to 4255, followed by a strong rebound, with a rapid recovery speed, and the morning trend showed a V-shaped recovery, with a second retest not breaking lower. This is a common tactic used by market makers—using data as a pretext to wash out retail investors first, then quietly reclaiming their positions.

Market Review from Last Night

Last night's market saw ETH being heavily smashed down to 4255, scaring many retail investors into cutting losses. But don’t forget, the market makers' method of collecting chips is always brilliant, and this dip is a good opportunity for them to gather positions at a low level. Soon after, the market began to 'increase volume and pull back', and a V-shaped rebound made people's hearts race like a roller coaster—but the main funds had already planned their moves.

By the morning session, ETH was oscillating in the 4320–4370 range, with retail investors hesitating on whether to chase orders. At this time, the price successfully broke through the MA7 and MA30 short-term moving averages, indicating that the bulls were gradually gaining control of the market.

Technical Analysis and Operational Suggestions

From the K-line chart, ETH is currently oscillating around 4390, entering a critical operational window.

Support Levels: 4360, 4330, with strong support at last night’s low of 4255.

Resistance Levels: 4420–4460, further resistance levels at 4520–4560, and a potential strong resistance at 4660 after a breakout.

Market Maker Movement Analysis: Last night's dip to 4255 was precisely the market maker collecting retail investors' chips through 'digging pits and washing chips', while the strong rebound in the morning is a signal from the market. The market makers are now waiting for the right moment to break through, either directly breaking 4420 or repeatedly oscillating within the range, continuing to challenge the patience of retail investors.

Operational Strategy (for reference only):

Conservative Operations: Position appropriately if the price retraces to 4360/4330 without breaking, targeting 4420–4460, with a stop-loss set at 4328.

Aggressive Operations: Wait for a volume breakout above 4420 before following up, targeting a push towards 4480–4520, but be cautious not to get too attached to the position. If the price breaks below 4390, it’s necessary to reduce positions in time.

Defense Strategy: If the price breaks below 4330, try to avoid chasing orders, as the market will turn into a weak oscillation. It is recommended to wait for another buying opportunity at 4280–4255.

Final Advice:

In the cryptocurrency world, the most important thing is not who can predict the most accurately, but who can survive the longest. The market will always provide opportunities; the key is whether you can remain calm and control your emotions. Don’t lose confidence at the lows, and don’t impulsively chase the highs. Old Zhu tells you: stay rational, maintain your mindset, and follow the logic, rather than going with the flow.

Want to know the key points for entering the market layout? Follow Old Zhu, and I will break down the market in real-time, helping you maintain your rhythm in the storm and claim your share!