I just took a look at ETH's 1-hour chart, and I feel like the market is about to do something again.
The news has hidden implications: Wall Street is experiencing a 'money shortage,' is the Federal Reserve going to 'print money'?
Last night ETH suddenly surged, many people were caught off guard chasing the rise, and as a result, today it oscillated.
The reason is actually hidden in the news: Wall Street is short on cash at the end of the year, and the Federal Reserve might restart liquidity.
Once the Federal Reserve really hints at 'printing money', market liquidity will surge in - the crypto space thrives on liquidity expectations.
So last night's sudden surge was smart money positioning in advance.
But why didn't it surge all at once?
Because retail investors have not reacted yet, the market makers are still washing the盘.
Remember: before the news comes out is an opportunity, after the news comes out is a risk.
A picture speaks a thousand words: the market maker's 'script' has already been written in the chart.
ETH's hourly chart is quite interesting right now:
The MACD yellow and white lines are slowly climbing above the 0 axis, and the death cross is about to turn into a golden cross, which is a signal of possible short-term strength.
But the trading volume is shrinking, the red bars are rising but the volume is tight - what does this indicate? The market maker is testing the waters, and retail investors are on the sidelines.
The resistance levels are very clear: 3504 is the ceiling, 3590 is the dragon gate. Support is also very clear: 3190 is the first step, 3080 is the deep water zone.
My view: there must be a wave of pullback in the short term, but don't panic, the pullback is an opportunity for you to get on board.
Why? Because both RSI and MFI are in the 'wait-and-see zone' right now, and the market is lacking a spark - and that spark was quietly ignited last night.
How to judge specifically? How to catch it? Find Shengyi to get more precise strategies and real-time interpretations.
Core strategy for liquidation: two steps, turning passive into active.
Step one: self-rescue of positions.
If the position is too heavy, you must reduce your position in the 3300-3330 area to lower margin pressure.
Set the stop loss for the remaining position to move up to 3350 to prevent a second surge from causing liquidation.
Step two: wait for the counterattack signal.
Key support levels are at 3190 and 3080.
If ETH retraces and does not break 3190, you can add shorts in the 3190-3220 area to pull down the average price;
If it breaks below 3190, then 3080 will be the ultimate rebound point, which is an excellent point for phased liquidation.
ETH's current trend is not over yet, but there will definitely be a wash in between. 3080 is not only a support level but also the 'stage bottom' of this round of decline - if it touches here, it could be the last chance to get on board before the Spring Festival. If you don't want to be left behind, Shengyi is waiting for you. The market always has two directions, but your account can only follow one.
Shengyi's strength does not boast, nor does it make empty promises, but only teaches you practical survival skills. Follow Shengyi, fans who want to keep up can find Shengyi Village, where Shengyi announces entry points and exit timing every day!#ETH $ETH
