$ETH falls below 2600—don’t rush to hand your chips over yet
ETH has really taken a tumble this time. At the current price of 2579, the 2600 psychological level has been directly lost. The hourly chart has been smashing through the MA7 and MA25 one after another—technically, in the short term, it really does look ugly.
But I’ll put this plainly: this step looks more like a normal pullback within an uptrend, not a trend reversal. The reason is simple—once the hourly moving averages break and break again, the “shredded” foundation can’t be washed away. What can be washed away is only low-position capital. Cutting here isn’t cutting risk—it’s cutting off your chips.
In the order book, what’s most honest is the big money. Below 2600, the trade structure hasn’t gone chaotic. The whales are still continuously buying; as the price drops, the chips concentrate into the hands of a few. In itself, that’s one sentence: retail is distributing, and someone is collecting. Historically, before every decent stretch of行情, there’s always a K-line like this that scares people.
Of course, you can’t say it in absolutes. At the 2600 level, offense and defense switch roles. Tonight will be the answer. If it can’t reclaim and close back above 2600, then it may probe one more layer down—no need for anyone to talk from the sidelines. If it does reclaim it, then the batch that sold in panic today will have to come back and buy again at higher prices.
If you’re heavily positioned, put your phone down tonight. Don’t use daily-chart emotions to make decisions on the hourly chart. It’s a lesson paid for with real money by old “green hands.” Are you planning to pretend you didn’t see anything with the position you have, or set a stop-loss and wait for it to come back and test you? $BTC $SOL
The “dogecoin father” pup’s popularity has been steadily trending upward these past couple of days. The broader market is scary, but it isn’t scared—this slow grind is confidence. 🐶
🐶 Come take a look at the dogecoin father’s #小狗 ✨🚀
ETH has really taken a tumble this time. At the current price of 2579, the 2600 psychological level has been directly lost. The hourly chart has been smashing through the MA7 and MA25 one after another—technically, in the short term, it really does look ugly.
But I’ll put this plainly: this step looks more like a normal pullback within an uptrend, not a trend reversal. The reason is simple—once the hourly moving averages break and break again, the “shredded” foundation can’t be washed away. What can be washed away is only low-position capital. Cutting here isn’t cutting risk—it’s cutting off your chips.
In the order book, what’s most honest is the big money. Below 2600, the trade structure hasn’t gone chaotic. The whales are still continuously buying; as the price drops, the chips concentrate into the hands of a few. In itself, that’s one sentence: retail is distributing, and someone is collecting. Historically, before every decent stretch of行情, there’s always a K-line like this that scares people.
Of course, you can’t say it in absolutes. At the 2600 level, offense and defense switch roles. Tonight will be the answer. If it can’t reclaim and close back above 2600, then it may probe one more layer down—no need for anyone to talk from the sidelines. If it does reclaim it, then the batch that sold in panic today will have to come back and buy again at higher prices.
If you’re heavily positioned, put your phone down tonight. Don’t use daily-chart emotions to make decisions on the hourly chart. It’s a lesson paid for with real money by old “green hands.” Are you planning to pretend you didn’t see anything with the position you have, or set a stop-loss and wait for it to come back and test you? $BTC $SOL
The “dogecoin father” pup’s popularity has been steadily trending upward these past couple of days. The broader market is scary, but it isn’t scared—this slow grind is confidence. 🐶
🐶 Come take a look at the dogecoin father’s #小狗 ✨🚀
