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Currently, Ethereum is at the critical point between buying and selling zones!
But in reality, it just dumped from 3270 and 3225,
This is the attitude of the main institutions. The reason is that the main players believe retail investors are chasing highs excessively, and Ethereum Bitcoin now has reduced economic allocation weight, with no environment or consensus among multiple institutions, or rather, the contracts are sharply breaking the long positions rather than spot, showing obvious anomalies.
The market has shifted from a strong buy zone to a strong sell zone, and the main players are now betting on short positions. Currently, the buying volume is clearly in a weak bargaining position.
The price may rise from 3150 to 3175, then drop to 3130.
The core of the critical buy-sell zone game is—see clearly.
When the main players place contracts at 3180 and dump again, shorts follow suit.
When it drops to 3120, the main players' trapped spot positions are again pushed higher.
In today’s choppy and sluggish market, the main players, like us, are also seeking larger profit margins, which will lead to a double kill of bulls and bears!
Therefore, trade within the range and strictly execute stop-loss!
(Fin)
This analysis aligns well with the actual situation. Welcome to follow and subscribe for more insights.