ETH one-hour chart is currently in a "bull-bear life-and-death battle," with the price stuck around 2942, unable to go up or down. Are you also holding your phone, feeling anxious? Don't worry, Zhou Yi will help you decipher the market, combining the latest whale movements to give you a clear "script"!

Technical analysis:

From the one-hour chart, ETH is generally in a downtrend, but the MACD yellow and white lines are crossing upwards below the 0 axis, indicating short-term rebound momentum. Key resistance is at 3014, strong resistance at 3100; support below is first at 2879, if it breaks down, 2803 is the true bottom.

In simple terms: a short-term rebound is possible, but in the medium to long term, bears still dominate.

News support:

Today, there's a major whale move: pension-usdt.eth closed BTC long positions and opened 25,000 ETH short positions (about 74 million USD). This guy has had a 12-win streak recently, and his choices often indicate direction. At the same time, BitMine is quietly accumulating 48,000 ETH. One whale is going short while institutions are picking up? This indicates significant market divergence, and the volatility isn't over yet!

Zhouyi's viewpoint:
I see ETH making a rebound today, testing the 3014 resistance level, but it will be hard to break through 3100 in one go. If the rebound is weak, it will turn down first, testing 2879, or even dropping to around 2803.

Conclusion: In the short term, it's possible to take a light position for a rebound, but for the medium term, it's essential to wait for high-level short positions!

Advice for players:

If your position is light, you can consider a small long position near 2950, aiming for 3014, in and out quickly.

If you haven't boarded yet, don't rush to chase. Wait for a rebound to near 3014 to consider going short, with a stop loss at 3050 and a target of 2879.

If it falls below the 2952 watershed, look for a direct short to below 2879.

During market fluctuations, it's easiest to cut retail investors. If you don't want to be left behind, pay attention to Zhouyi, where I will share key levels and whale dynamics in advance every day.

I will announce the specific direction and levels in the village. If you want to join the fight with Zhouyi villagers, find a seat in the village! The market never closes, and opportunities are always present. But only those who survive can wait for the next bull market.#加密市场观察