$ETH Fam, ETH just shot up 200 points, is this a real reversal or just a trap?
Over the past couple of days, ETH has surged from around 1500 all the way up past 1680, nearly a 200 point gain in just two days, and many are already calling for a bull market comeback.
But let me throw a cold bucket of water on that hype.
From the 4-hour trend perspective, ETH's overall bearish structure hasn’t changed; the highs are still consistently dropping, and the bearish trend line remains intact.
Right now, this surge feels more like a technical rebound after a sharp decline rather than a genuine trend reversal.
If you take a closer look, even though the price has gone up, the trading volume hasn't increased in tandem, and institutional money clearly hasn’t fully stepped in to scoop up the bags.
The most dangerous times in the market aren’t when it’s crashing, but rather when you feel safe after a rebound.
The next key resistance zone is between 1720-1750; if we can’t break through effectively, don’t rule out a potential retest of 1600 or even a revisit to previous lows.
Many retail traders are now chasing longs, but what the big players love to do is pump during despair and harvest during excitement.
Remember this from Yajie: a 200 point rise isn't scary, what’s scary is mistaking a rebound for a reversal.
I’ve already positioned myself for the next move; whether ETH pushes to 1800 or takes another dive, I’ll adjust my strategy based on market action in real-time.
If you want to keep up with the rhythm, check out my live trading insights.
When you reach the end of the water, sit and watch the clouds rise. Those who understand the trend make money through knowledge, while those who don’t pay tuition fees.
#ETH #MichaelSaylor暗示增持BTC
Over the past couple of days, ETH has surged from around 1500 all the way up past 1680, nearly a 200 point gain in just two days, and many are already calling for a bull market comeback.
But let me throw a cold bucket of water on that hype.
From the 4-hour trend perspective, ETH's overall bearish structure hasn’t changed; the highs are still consistently dropping, and the bearish trend line remains intact.
Right now, this surge feels more like a technical rebound after a sharp decline rather than a genuine trend reversal.
If you take a closer look, even though the price has gone up, the trading volume hasn't increased in tandem, and institutional money clearly hasn’t fully stepped in to scoop up the bags.
The most dangerous times in the market aren’t when it’s crashing, but rather when you feel safe after a rebound.
The next key resistance zone is between 1720-1750; if we can’t break through effectively, don’t rule out a potential retest of 1600 or even a revisit to previous lows.
Many retail traders are now chasing longs, but what the big players love to do is pump during despair and harvest during excitement.
Remember this from Yajie: a 200 point rise isn't scary, what’s scary is mistaking a rebound for a reversal.
I’ve already positioned myself for the next move; whether ETH pushes to 1800 or takes another dive, I’ll adjust my strategy based on market action in real-time.
If you want to keep up with the rhythm, check out my live trading insights.
When you reach the end of the water, sit and watch the clouds rise. Those who understand the trend make money through knowledge, while those who don’t pay tuition fees.
#ETH #MichaelSaylor暗示增持BTC