Giant whale movement, can the price stabilize after the roller coaster?
#加密市场反弹 The news stimulus affects, the daily level main K short position appears to decrease in volume, the bullish trading volume in terms of volume bars strengthens again.
Ethereum market analysis today: Giant whales stir the pot, the battle between bulls and bears intensifies. "A day in the coin circle is a year in the human world."
This saying is vividly reflected in today's Ethereum market. Let's take a look at the tricks in this 30-minute K-line chart and, combined with the latest news, discuss the upcoming trend of ETH.
Giant whale surfaces, the market stirs up
Early this morning, a piece of news exploded in the coin circle — a certain giant whale transferred 4,000 ETH from a cold wallet to an exchange, which is quite a movement.
Veterans in the coin circle know that when giant whales move, it either means they are about to dump or pump. Now the price is stuck at $1602, dropping to a point that makes people anxious, but don't rush to cut losses; let me analyze it for you.
Looking at this 30-minute K-line chart, ETH rose from $1384, soaring to $1689, a tremendous increase. Unfortunately, the good times didn’t last long, and the price dropped again like riding a roller coaster.
This indicates that there is strong selling pressure above, just like when you run too fast, you need to catch your breath. The support level at $1384 is crucial; if the price drops here, the bottom-fishing army might come rushing in. The resistance level is in the $1600-$1689 range; when the price hits here, it feels like hitting a wall, unable to break through.
Bears dominate, but don't overlook the rebound signal
Now ETH's price is hovering around $1600, down 5.5% from yesterday. The market sentiment is a bit timid, and people are hesitant to make big bets.
But remember, in the short term, don’t chase the high; it's safer to wait for a drop to the support level before taking action.
Finally, a heartfelt statement: the coin circle is deep, and the giant whales are playing a big game. What we small investors can do is fasten our seatbelts, hold tight to the support and resistance levels, eat and drink as we should, and not take things too much to heart.
The current market in the coin circle is essentially a contest between retail investors and big players. If you don't have solid professional skills, knowledge, and connections, you can only be cut! Those who want to strategize together and harvest the big players are welcome to comment: 666, let's discuss together.
#特朗普暂停新关税 $BTC $ETH
#加密市场反弹 The news stimulus affects, the daily level main K short position appears to decrease in volume, the bullish trading volume in terms of volume bars strengthens again.
Ethereum market analysis today: Giant whales stir the pot, the battle between bulls and bears intensifies. "A day in the coin circle is a year in the human world."
This saying is vividly reflected in today's Ethereum market. Let's take a look at the tricks in this 30-minute K-line chart and, combined with the latest news, discuss the upcoming trend of ETH.
Giant whale surfaces, the market stirs up
Early this morning, a piece of news exploded in the coin circle — a certain giant whale transferred 4,000 ETH from a cold wallet to an exchange, which is quite a movement.
Veterans in the coin circle know that when giant whales move, it either means they are about to dump or pump. Now the price is stuck at $1602, dropping to a point that makes people anxious, but don't rush to cut losses; let me analyze it for you.
Looking at this 30-minute K-line chart, ETH rose from $1384, soaring to $1689, a tremendous increase. Unfortunately, the good times didn’t last long, and the price dropped again like riding a roller coaster.
This indicates that there is strong selling pressure above, just like when you run too fast, you need to catch your breath. The support level at $1384 is crucial; if the price drops here, the bottom-fishing army might come rushing in. The resistance level is in the $1600-$1689 range; when the price hits here, it feels like hitting a wall, unable to break through.
Bears dominate, but don't overlook the rebound signal
Now ETH's price is hovering around $1600, down 5.5% from yesterday. The market sentiment is a bit timid, and people are hesitant to make big bets.
But remember, in the short term, don’t chase the high; it's safer to wait for a drop to the support level before taking action.
Finally, a heartfelt statement: the coin circle is deep, and the giant whales are playing a big game. What we small investors can do is fasten our seatbelts, hold tight to the support and resistance levels, eat and drink as we should, and not take things too much to heart.
The current market in the coin circle is essentially a contest between retail investors and big players. If you don't have solid professional skills, knowledge, and connections, you can only be cut! Those who want to strategize together and harvest the big players are welcome to comment: 666, let's discuss together.
#特朗普暂停新关税 $BTC $ETH
