Brothers, ETH has had a big movement again! Capital tycoon Yi Lihua publicly stated that now is the 'best time to buy ETH'. Even more shocking is that an OG whale has accumulated a total of 160 million USD in transfers over the past two weeks, buying in at orders between 3030-3150 USD, and currently has a floating loss of over 22 million USD—are they trapped, or firmly bottom-fishing?
News front
Big players are calling shots + whales are buying with real money, indicating that this price range is indeed recognized by a lot of large funds. Whales are currently in a floating loss state, and market sentiment remains cautious; it's not as simple as just shouting for a rise.
Technical analysis
The 4-hour chart shows that ETH has been oscillating between 3070-3150, with trading volume continuously shrinking, indicating that both buyers and sellers are watching. The pressure above is obvious, with 3250-3400 being a strong resistance area, and it is difficult to break through without increased volume. The support below is at 3000-2900; if it breaks, the adjustment may deepen.
Hongcai's perspective:
Whales are making large purchases in the 3030-3150 range, indicating that they consider this position to be a bargain, but retail investors should not blindly follow the trend. The market has not yet chosen a direction; I tend to think we are in a bottom-building phase, which may involve repeated fluctuations and washing out positions. If it stabilizes above 3150, there is hope for a short-term test of resistance; if it breaks below 3070, it may test the bottom again.
What should newbies do?
If you haven't boarded yet, don't go all in! It's recommended to gradually invest in the 3050-3100 range and manage your position well.
If you already have positions, hold on and don't panic. Set your stop-loss around 2980 to prevent a deep drop below this level.
Remember: Whales can bear losses, but we retail investors must survive, and we must adhere to discipline!
In summary, I am optimistic about ETH in the medium to long term, but patience is needed in the short term. Don't let news cloud your judgment; buy low and don't chase highs, hold your positions and wait for the right moment.
When market sentiment improves, it's even more important to stay calm and not confuse expectations with facts. Be patient and wait for the trend to be truly confirmed before making moves! Pay attention to Hongcai and participate in every attack from Hongcai! Hongcai will announce specific entry times and real-time news every day at Caishen's home!#加密市场反弹 $ETH
