Institutions are buying the dip again! After the ETH crash, it bounced back immediately. Did players just sell at a loss and miss out? Today, the 1-hour K-line for ETH has left the market in confusion. It just dropped to 3092, and then shot back up to 3160. This dive and rise operation—did some people sell at the floor while others chased in the middle?
First, let's look at the news:
An hour ago, ETH dropped to 3092, then immediately surged back to 3160. The 'confidence' behind this rebound is that Singapore's DBS Bank just acquired 2000 ETH from Galaxy Digital! Now this bank holds ETH and BTC worth over 1.2 billion dollars. Institutions are secretly stocking up, while we players are still selling at a loss?
Looking at the technicals again:
Support level locks down the space for decline: The sell-off accurately hit the upper edge of the key support at 3106, and since it hasn't broken the support, the rebound indicates this is 'deliberate scare tactics', not a true breakdown;
Volume exposes the action of grabbing positions: Increased volume during sell-offs, and the volume does not shrink during rebounds, but instead continues to expand. This indicates that the main force is absorbing positions by selling off, not retail investors taking over;
RSI bounces off the line: It turned around right after dropping from the overbought zone to the critical point of 60, just stuck at the 'strong pullback threshold', indicating healthy consolidation, not a sign of weakening.
Currently, ETH is stuck at the key level of 3160, only 28 away from the resistance level of 3188. After breaking through, it will directly open up the upward space to 3250; the technicals have already indicated a rise.
Different players have different operational suggestions:
Short-term traders: You can enter with light positions around 3160, maintain stop losses;
Swing traders: Directly build positions at 3160, maintain stop losses;
Watching players: Wait for a breakout above the 3188 resistance before entering the market to avoid being trapped by a 'false breakout'.
Steps to recover: Friends who just cut losses or are trapped near 3200, this operation can help you recover!
For those trapped above 3200: Now at 3160, add 10% to lower the average price. When it rebounds to 3188, sell the added 10% first to reduce costs;
For those who sold below 3100: Don't panic, wait to buy back when it pulls back to 3140, avoid chasing high to prevent being trapped a second time.
Personal opinion: Don’t be scared by short-term fluctuations; in the short term, the bias is still bearish. Currently, ETH is at a key level, with the upper resistance being a thin layer. Considering the market sentiment, this V-shaped reversal is not a false rally but the main force preparing to pull up after 'clearing floating positions'. It is highly likely to break through the resistance and push upwards.
Want to know how I, Zitan, helped my friends in the village avoid the spike and ambush accurately? Follow @链上紫檀 2026 to participate in every attack by the villagers of Zitan! Zitan will announce the specific entry times and real-time news every day in the village! #巨鲸动向 #ETH
