Everyone is cheering that ETH is about to break through 3180, but I must expose this conspiracy: this is very likely the most ferocious 'false breakout to lure in buyers' before the bull market starts! The goal is to catch all those who chase high prices. Want to know why? Keep reading!
News is coming: At 21:30, U.S. unemployment claims data may be the 'detonator' for the market!
Tonight at 21:30, the U.S. initial jobless claims will be announced. This data could be significant—if the number of unemployed increases, it indicates a poor economy, and the Federal Reserve may slow down its policies, benefiting ETH; but if the data is good, the U.S. dollar will strengthen, which may suppress the coin price. The market often overreacts when data is released, causing violent fluctuations. I guess that after the data tonight, ETH may drop first, shaking off the weak retail investors, and then rise again. Why am I so sure? Because historical experience tells me that the main players love to play this game of 'fake drop and real rise'!
First, let's look at the technicals: the MACD golden cross clearly indicates a bullish trend, but the shrinking volume hides some mysteries!
The overall 4-hour K-line of ETH is in an upward trend, with the MACD white and yellow lines crossing above the zero axis, forming a golden cross, which is usually a bullish signal, indicating that the price may continue to rise. The key level of 3180 is like a door; once breached, it can open up a rebound space to 3270-3400. However, oddly enough, the trading volume is shrinking—this indicates that there are fewer people chasing the market, and the main players may be watching. If the price cannot break through 3180 with increased volume, be cautious of a short-term pullback! Where will it drop to? Is it the support at 3070 or a deeper 2945? Don't worry, I will reveal my predicted levels later.
My personal opinion: bullish but will drop first before rising, a pullback is an opportunity!
Considering both technicals and news, I remain bullish on ETH, but it may drop first before rising tonight! After the data is released, if it's negative, ETH may briefly drop to the support level of 3070, or even test the bottom at 2945. But this is actually an opportunity—the main players are using this chance to wash out positions, building momentum for a subsequent rise. Once stabilized, ETH will attack 3180 again, targeting 3270-3400. Remember, a sharp drop in a bull market is not a risk, it's a gift!
A bull market is not something you wait for; it is a gift for those who are prepared. Are you watching the scenery from the car, or can you not even see the taillights? Pay attention to Lingxi; before the next wave of key market movements starts, I will help you discover signals immediately!
