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ETH Is it "air refueling" or "The Last Supper"?
Just brewed some tea.
Da Liu rushes in, flustered.
His face is flushed.
"Bro, $ETH has stabilized at 3300! I'm going all in, this wave will definitely break 3500!"
I ignore him.
Pointed at the teacup, signaling him to sit down.
"Are you in such a hurry to send money?"
Da Liu is unconvinced.
Takes out his phone to show me those signal groups.
All are "Charge! Charge!" and "To The Moon."
I smile.
When the crowd is celebrating wildly, it's often the time to pay the bill.
Let's look at the market.
Current price is around 3320.
What kind of position is this?
This is called the **"Hanged Ghost" position**.
Cannot reach the sky (resistance at 3400), cannot touch the ground (support at 3260).
Hanging in mid-air.
If you rush in now to go long, where do you place your stop-loss?
At 3300? Slight shake and you're gone.
At 3200? The risk-reward ratio is worse than betting on big or small.
From a technical perspective:
Long-term: Still in an uptrend, but MACD is dead-crossing at high levels, green bars are shrinking. Like a marathon runner with a rapid heartbeat, needing to squat down and catch a breath.
Short-term: Main players are repeatedly testing around 3350. This is called "诱多" (lure more). Looks like a breakout, but actually testing how many fools are willing to buy at the top.
Wyckoff perspective: Now is a "volatility testing period." Only extremely shrinking volume without another surge indicates big funds are watching, even quietly unl