Brothers, I am Iron Eagle. Today’s market, doesn’t it make you restless again? Last night, ETH spiked 130 points, and many people must have been scared, right? What happened? It was instantly pulled back, and now it is steadily standing above 3120! But this is just the beginning; the real storm may still be ahead.
Technical Analysis: The key resistance level is right in front of us!
From the 1-hour candlestick chart, ETH is currently oscillating in the narrow range of 3120-3150. The upper level of 3150 is a minor resistance. If it breaks through with strong volume, the next target will be the previous high resistance at 3250! The key positions shown on the chart, such as 3227, 3200, and 3133, are all critical lines to monitor closely in the upcoming period.
In terms of indicators, the MACD green bars are strengthening, the RSI shows signs of being overbought but the trend is upward, and the MFI is also strengthening, indicating that funds are flowing in. If the yellow and white lines form a golden cross intraday, that would be a clear bullish signal! But also be cautious: If 3150 cannot be broken after prolonged attempts, there may be a pullback to test the support at 3100 or even 3050.
News: Whales are acting collectively, the signal is strong!
Early this morning, HyperInsight detected that '1011 insider whale' continued to increase its position by 5 times in ETH long contracts, holding over 54,000 ETH, with unrealized profits reaching 4.02 million USD! Even the whale 'pension-usdt.eth', which previously shorted BTC, has now turned to double its long position in ETH. Even 'Maji', after cutting losses of 730,000, has re-entered, going long on 2,100 ETH!
What does this indicate? Smart money is consistently optimistic about ETH! Whales are not retail investors; their actions often represent the direction of the trend. But also be wary: Will market makers first eliminate a wave of long positions, washing out the followers before pushing up?
Iron Eagle's view: A breakout is imminent, but don't blindly chase highs!
I believe ETH is currently in a 'momentum breakout' phase. If it stabilizes above 3150, it is likely to surge towards 3250, even challenging 3300. However, if it does not break out with volume, it may first pull back near 3100 before organizing another upward move.
Retail investors and novice players should remember these points:
Don't chase highs: Wait for a pullback to the 3100-3120 range to gradually position yourself.
Set a stop-loss: If it falls below 3080, consider stopping losses to prevent further losses.
Watch for breakthroughs: If it breaks 3150 with volume, you can enter with a small position, targeting 3200-3250.
Follow the whales: The movements of whales are a barometer, but don't blindly follow them, control your positions!
Summary: The market is brewing, opportunities are waiting!
ETH is currently at a critical position, with a high probability of breaking upwards, but also be wary of manipulation by the market makers. Positive news and technical support are present, what's left is patience and discipline. Remember: In a bull market, expect more spikes; in a bear market, expect more pullbacks. Keep your mindset steady to reap profits!#美联储重启降息步伐
In the crypto world, there are no windfalls, only wise individuals who can perceive opportunities. Iron Eagle shuns exaggeration and focuses on teaching practical skills. Want to keep up? Iron Eagle Town publishes specific operational points daily, refusing to engage in hindsight analysis; we verify everything in real trades. Every order can withstand scrutiny, waiting for you to witness.
