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Market Situation: A Dilemma of "Being Trapped"
ETH is currently oscillating around 3170, with the mid-range position feeling a bit awkward.
On the surface, it looks good: the 15-minute K-line shows a MACD golden cross, and trading volume has increased, signaling a potential market rally. But what is the reality? This is merely a technical rebound from the previous low of 3123.
The real dilemma lies in the fact that the key levels at 3200 and 3220 are filled with trapped chips. Retail investors think that the main force will soften and help them get out, but that’s not the case at all. Every time prices approach these levels, selling pressure emerges.
What is the true intention behind this rebound? It’s to transfer those chips that didn’t escape near 3300 to new entrants hoping for a rebound. BNB and XRP are experiencing similar rhythms. Don’t be fooled by the 15-minute golden cross — the market’s harsh reality is far deeper than you think.