Brothers, I am Iron Eagle! Just now the 4-hour chart shocked me—ETH has dropped to the 3099 support edge, with green volume bars shrinking and red bars strengthening, which is a typical signal of bull exhaustion and bear accumulation! From the chart, ETH has been continuously suppressed by EMA5 and EMA10, RSI has all three lines dropped below 60, and MACD is also about to form a death cross underwater.
Key points highlighted:
Resistance level: 3142 (immediate resistance), 3180 (strong pressure)
Support level: 3099 (line of life and death), 3030 (next ghost gate)
Technical analysis breakdown: why might it break tonight?
Volume-price divergence: the price has fallen to the support level, but the rebound volume is extremely weak, indicating that retail investors' willingness to bottom fish is low.
Moving averages are in a bearish arrangement: short-term moving averages are collectively pressing down, showing a bearish trend.
RSI suggests space: although the RSI (57.75) has not yet reached the oversold zone, if it breaks below 3099, it will accelerate downward!
Iron Eagle's judgment: tonight it is highly likely to first break 3099, quickly dive to the 3030-3050 range, and then make a technical rebound back to around 3100. Remember: volume-less rebounds are all escape opportunities!
News: Is the whale pledge belief or trap?
Today there is big news: a whale holding 24,000 ETH (worth about 75 million USD) has pledged all without selling! Many people think this is good news, but Iron Eagle tells you the truth:
Whale is trapped: his cost price is 2529 USD, and now the profit has shrunk from a peak of 55 million to 14.4 million, choosing to pledge seems more like 'passively locking in positions'.
Signal contradiction: although whales not selling shows long-term confidence, it cannot stop technical selling pressure in the short term. No matter how stable the ecosystem is, we still fear a market sentiment collapse!
Iron Eagle's personal opinion: break first then establish, don't rush to bottom fish!
I clearly tell everyone: tonight we are bearish but not shorting, wait for a rebound opportunity after breaking!
If it directly breaks below 3099 with high volume, don't catch the falling knife, wait to observe around 3030.
If it holds above 3099 and rebounds with high volume to break 3142, then the short-term risk is lifted.
But with the current market, the first scenario is more likely! The main force will definitely break support first, force retail investors to cut losses, and then buy low.
What should retail investors do? Three lives are given to you for protection!
Heavy position brothers: must reduce positions when rebounding to the 3120-3140 range, unconditional stop loss if it breaks below 3099.
Empty position brothers: hold your hands! Consider gradually buying around 3030, place a protective order at 3000.
Contract players: focus on shorting, lightly shorting between 3130-3150, stop loss at 3180, target at 3050. Heavy betting on direction is strictly prohibited!
Iron Eagle's final reminder
The crypto circle specializes in not obeying! Whale pledging does not mean it will rise immediately, technical breakdowns must be respected. Keep your bullets, wait for stabilization signals!#ETH走势分析 There are no myths in the crypto circle; only those who can discern signals can survive. Iron Eagle does not talk empty; I only teach you practical techniques. Follow me to Iron Eagle Town for daily accurate trading points, execute on the ground, and let profits start today. Follow now, and you will find that profits can be so simple.
