"In the crypto world, a day is like ten years in the human realm"—today's ETH trend is showcasing a textbook-level 'oscillation scam'!
Heavy signals are coming from the news:
The candidate for the Federal Reserve Chair is not the ‘either-or’ that the market is hotly debating; Waller is about to be interviewed! This variable hangs over the crypto market like the sword of Damocles—if Waller takes office, his monetary policy stance may be more hawkish than Powell's, directly impacting risk assets like ETH!
Technical analysis:
The current ETH price is 2942 dollars, with 2963 dollars as a key resistance level that has been tested multiple times without success, forming a 'false breakout' trap! The strong support at 2893 dollars is precariously close, and the RSI indicator at 45.16 suggests market sentiment is weak; during the range-bound fluctuations, bears are quietly building strength. What’s even more concerning is that trading volume has shown a 'large sell order' signal—massive sell orders are accumulating below the resistance at 3046 dollars, while there are mysterious 'large buy orders' supporting around 2880 dollars!
Lord's perspective:
This wave of fluctuations is by no means a coincidence! Bears are re-establishing dominance—if 2963 dollars cannot be broken and held effectively, ETH is likely to enter a three-stage adjustment of 'decline-rebound-decline', targeting 2880 dollars! This drop of about 60 dollars coincides with the prelude to 'buying back below sell orders'—but it requires news support, otherwise it may evolve into a larger scale correction!
What should players holding ETH do?
If the attempt to break through 2963 dollars today fails, consider reducing positions by 30% to lock in profits; wait for the price to drop to around 2880 dollars and observe whether the 'large buy orders' continue to support the market—if support succeeds, you can gradually buy back; if it fails, be cautious of the second support level at 2870 dollars!
At that time, the lord will release an exclusive 'Waller interview insider analysis'—is this drop a 'false plunge' or a 'real drop'? Pay attention to the lord to unlock the answer to ETH's life and death line!
The cryptocurrency market is like a battlefield, where news is the gun and technical analysis is the shield—and the lord of the city is your tactical commander! Pay attention to the lord, who will guide you through the fog and seize every opportunity for wealth!
