Today, this ETH is moving neither here nor there; it looks like it’s rising but lacks strength, similar to how you might look busy studying before an exam, but your efficiency is low. The 4-hour chart is here, and the market has already said a lot, but many people just can’t understand it. Don’t worry, let’s break it down in plain language together. Shall we see if it pushes up to 3220 or even 3540, or if it retraces to 2980 or even tests the bottom at 2620?
First, let's look at the news: Did the whale take profit and run away? A floating profit decrease of 3 million, is it a warning or a smokescreen?
Did you know? The big holder known as the BTC OG insider whale has secretly taken a 9% profit on ETH long positions this morning, with a floating profit down by nearly 3 million dollars. He previously leveraged long and bought at low prices, but now that it’s not moving up, he’s taking some profit. What does this indicate? Even the big players are not greedy, what miracle are you waiting for?
His average price is 3048, and ETH is still above 3100. He has already taken profits. If you are still heavily invested and holding on, isn't it time to wake up?
Looking at the technical aspect: K-line 'box hiding a knife': shrinking volume increase + golden cross under water, 3220 is the 'ghost gate'.
Figure 1's 4-hour K-line is very clear:
Trends and key levels: The K-line is oscillating within a box, waiting for the Fed's interest rate meeting at 3 AM on the 11th to determine the direction! The current price of 3106 is 114 points away from the short position layout at 3220, with the high pressure level at 3540 like a mountain; the long position layout at 2980 is like a springboard, and the bottom support at 2620 is a safety net.
Indicator signals: shrinking volume increases, expanding volume decreases. It's weak when rising, and a lot of people run when falling; MACD golden cross under water, like 'the engine wants to start'; RSI neutral, not overbought or oversold, still a tug-of-war between bulls and bears.
In simple terms: the technical aspect looks bullish but lacks strength; the 3220 pressure level is the ghost gate. If it breaks through, we need to see what the Fed meeting 'blows in the wind'! Is the golden cross under water a real rebound or a false signal? Can the shrinking volume increase hold up to 3540?
My personal judgment:
ETH is unlikely to surge directly to 3540 in the short term. A more likely scenario is to oscillate between key levels. If the volume can't keep up, it will first retest support. If 2980 can't hold, be alert for a deeper pullback. If you don't know how to time your entries, you can follow Zitan, who will provide real-time analysis in the village and give the current best entry points!
How should retail investors operate? Zitan offers you three pieces of advice:
Don't be greedy, learn to take profits in batches. The whales are running; don't hold on stubbornly.
Set a stop loss and don't turn your active funds into dead capital. Be alert if it breaks below 2980.
Be patient and wait for clear directional signals before following; don't bet early.
If you also notice that the market has been bullish but not rising and should be falling but isn't, it's because the market is waiting for an opportunity, possibly policy news or actions from major players. Why did the whales choose to take profits today?
Does he know something we don't? Follow Zitan and participate in every attack by the villagers! Zitan will announce specific entry times and real-time news every day in the village!#BTC #ETH
