Just looked at a chart of ETH order book, in one sentence: volume breaks all short-term moving averages, MACD negative value expands, bearish momentum hasn't stopped yet.
The U.S. stock market is closed this weekend, no external buying; next week, Japan is almost certain to raise interest rates, yen carry trade unwinding, global risk assets will experience a wave of liquidity withdrawal.
Expected to break 3,000 at the beginning of the week, first target 2,880–2,920; if the Bank of Japan's press conference leans more hawkish, we could extreme see 2,750.
If you want to grab a rebound, don't rush, short again at 3,150–3,180, with a stop-loss at 3,220; spot traders wait to buy in batches around 2,800, and if it breaks 2,600, then admit defeat.
$ETH #日本加息已成定局