The expert previously speculated about the situation after the continuous decline below 4400 USD, and today, from a general trend perspective, it appears to be a slight upward adjustment after a drop, and it is playing a 'high-wire act' at the critical resistance level of 4399 USD.
The bull market is desperately trying to push up, but the trading volume is shrinking. The evening star pattern is still hanging on the chart. So, is this a breakout or a plunge? Entering the market now is like dancing on the edge of a knife. However, the expert believes that as long as you step correctly on these two points, you can instead make a profit from the price difference!
ETH is oscillating in a range on the 15-minute K-line. The price just touched the resistance level of 4399 USD and then shrank in volume. Although the moving averages show a bullish arrangement indicating a short-term upward trend, the trading volume has not kept up, and a 'evening star' pattern has emerged—it's like stepping on the gas pedal of a car but failing to accelerate; it could stall and drop at any moment. The expert simply tells everyone that, from today's temporary range, it is roughly between 4200-4450, and there will not be a big drop, nor has a big rise been detected.
The expert can help everyone understand the current situation. On one side, due to external factors, the market is in a 'waiting for the wind to come' state due to the hedging of bullish and bearish news, and the overall market sentiment is neutral. Although the US dollar index and treasury yields are not causing disturbances for the time being, the news is all mixed up: the DeFi and NFT fields are quite lively, but macroeconomic and regulatory pressures are like a sword hanging over the head. Therefore, the market is like it has been put on pause, just waiting for a catalyst.
Moreover, the expert believes that it is not optimistic that the current ETH has potential risks. The support level seems to be the 'last line of defense.' The most critical thing now is the support level at 4330 USD. If this level is broken, it would be like a bull poking a hornet's nest, possibly triggering a wave of selling. From the trading volume perspective, there are also issues with inadequacy. The expert seems like a ticking time bomb; without incremental funds entering the market, relying solely on existing funds to stir the market, it is normal for it not to rise.
The expert has said so much, but brothers mainly need to pay attention to two key positions.
First, the resistance level of 4399 USD is a 'golden point' suitable for high selling and shorting. When the price approaches 4399 USD, do not rush to chase high! This is like the warning zone of a high-voltage line. The shrinking volume + evening star pattern indicates insufficient upward momentum. At this time, short around 4390 USD, paying attention to set a stop loss around 4410 USD, aiming for 4340 USD. Don't be too greedy for a 50 USD space.
The second is the support level of 4330 USD, which serves as a 'safety cushion' for low buying and going long. If the price falls to around 4330 USD, do not panic! Based on previous trading activity, this is a dense trading area with strong support. You can go long around 4330 USD, with a stop loss set at 4310 USD, aiming for 4370 USD, which is equivalent to risking 20 USD for a potential 40 USD gain; the cost-effectiveness is quite good.
Also note that, currently regarding ETH, it is in a state of oscillation recently. There is no particularly explosive news and situations in the short term, so there is no need to worry.
Some insider information is also difficult to reflect; it’s best to plan ahead. If the resistance level is broken, immediately adjust your strategy. If the price suddenly breaks through around 4420 USD with increased volume, it indicates that the bulls may really be making a move! At this time, don't hold on stubbornly; quickly close your short position. Of course, you can even reverse and go long, aiming for around 4450 USD.
Another point is that if the support level is broken, you must stop loss decisively. The expert believes that if the price falls below 4310 USD, it indicates that the support level has failed. At this time, do not harbor illusions; close your short position at loss, and long positions must also be cut.
ETH is now like a roller coaster stuck halfway up the mountain, unable to go up or down. Keep a close eye on the two key points: 4399 USD and 4330 USD.
More real-time strategies, brothers can follow the expert, the expert will provide ideas and real-time strategies to everyone at the first hand. I will also frequently share firsthand news and situations. What are you waiting for if you are not paying attention now!
