Friends, did you profit from last night's ETH surge? It jumped directly from 3115 to 3397, a surge of 280 points, making many of our old friends exclaim 'the bull market is here!' But I have to pour a bucket of cold water today—don't let the surge cloud your judgment; the market may decline before rising again, and retail investors need to keep a close eye on key levels!
News
'BTC OG insider whale' has made a fortune this time! ETH long positions have a floating profit of 16 million USD, with a position size reaching 267 million USD; this operation is considered 'precisely bottom fishing.' The movements of whales often sway market sentiment, but we retail investors shouldn't blindly follow the trend—after all, they have a capital advantage, and we need to wait for the right opportunity.
Technical Aspects
First look at support and resistance levels: 3093 is the "bottom lifeline"; breaking below may lead to a direct crash; 3385 is the "top resistance level"; breaking above will open up upward space. The current price is stuck at 3306, just like standing at a crossroads—rushing up requires volume support, and smashing down depends on the bears' expressions.
Technical indicators are flashing red! MFI (Money Flow Index) at 67.75 is close to the overbought zone, indicating that it may not "rise" short-term; RSI (Relative Strength Index) at 56.38 is neutral to slightly hot, so be cautious of pullback risks. The 7-day EMA (Exponential Moving Average) at 3307 nearly overlaps with the current price, making short-term fluctuations inevitable.
The Lord's chart analysis reveals: a "consolidation triangle" pattern has formed recently, with prices repeatedly rubbing against the 3305-3397 range. Considering the sharp rise last night followed by a pullback to 3305, it might first drop to around 3200 before gathering strength to attack upwards.
Whale Positions:
Lord's Viewpoint
Short-term bearish, medium-term bullish! Why? Although the whale's position is large, there are clear signs of short-term overbought, and a pullback to digest floating positions is a healthy trend. Retail investors shouldn't rush to chase highs; wait for a pullback to the 3200-3250 range to enter in batches, targeting 3400-3500.
"Don't chase rapid rises, don't panic during sharp falls." Want to get real-time specific points and directions? Quickly follow the Lord and join the village for benefits! The Lord will update strategies in real-time in the village, helping you avoid traps set by market makers and seize genuine opportunities!#加密市场观察
