Crypto friends, the God of Wealth has arrived! Today the market is in a frenzy, with ETH skyrocketing from 2796 to 3048 overnight, it’s like riding a rocket. But the more exhilarating it is, the more we need to stay calm—behind every surge lie secrets that are not known to everyone. Follow the God of Wealth, and in three minutes I'll help you analyze whether this rally is a true bull market initiation or just the final celebration!
News: Indeed, 'warm winds are blowing'
The pioneer leads the way for Bitcoin ETF, the Federal Reserve ends tightening, Trump supports crypto-friendly chair… a series of positive news has bombarded the market like cannonballs, indeed providing strong reasons for the rise. But do you know? In financial markets, 'when good news is fully known, it becomes bad news'. When everyone is aware of the good news, it's often when the smart money starts considering retreating. Yesterday's surge may have already exhausted the short-term expectations of these positives.
Technical analysis: Exposing the 'key flaw'
Looking closely at the one-hour chart, although ETH has surged, it is now clearly encountering resistance in the 3034-3041 area, which is a dense area of trapped positions and previous pressure zones. Although the MACD has golden crosses, the energy bars have begun to shrink, which is called 'volume-price divergence'—prices are reaching new highs, but momentum is weakening, which is a typical signal of weakening upward strength!
More importantly, the position at 3070 is like a 'ghost gate'. If it can't break through, it is likely to trigger a large sell-off of both profit-taking and trapped positions.
If the analysis from the God of Wealth helps you, you can follow the God of Wealth, who will continue to share first-hand news and entry points!
God of Wealth's views and strategies:
I am cautiously bullish in the short term, suggesting to sell more as prices rise, rather than buying more as prices rise.
Core advice for all cryptocurrency friends: If you have a long position at a low level, congratulations! But now is definitely not the time to increase your position; instead, you should consider taking profits in batches near 3050. If you are flat, please wait patiently and do not chase the highs!
A reminder for friends wanting to short: If you want to go against the trend and short, you must wait for clear signals. The best position is to consider when the price fails to break through near 3070, or when it rebounds weakly after breaking below the support at 2980. The short-term target looks at 2980.
Remember the ultimate defense line: The lifeline of this round of increase is at 2980. If it breaks below here, the market is likely to plunge rapidly, heading straight for the second support at 2800. At that time, it will be time to reconsider the overall direction.
The market is always in a cycle—good news stimulates a rise, technical analysis determines how high it can go, and capital flow determines how long it can last. Now, the first two steps have been completed, and the last step is being verified.
If you feel that the God of Wealth splashed a basin of cold water on you when everyone was excited, helping you avoid potential risks, you can follow the God of Wealth. Next, will ETH break 3100 to start a new bull market, or will it drop back to 2800 and revert to its original form? I will use the most straightforward language to help you keep an eye on every key turning point. In this market, only the calm can survive to the end!#ETH走势分析 $ETH
