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#以太坊大户持仓变化 Ethereum has dropped again on the 1-hour chart. Rebound? Don’t believe it, that’s just trap trading. The bearish situation has been confirmed, and I’ll explain the core logic to everyone.
From a technical perspective, the situation is quite clear. The moving average system has formed a classic "waterfall" pattern—MA5 tightly pressing down on MA10. Every rebound that can’t break above 3100 is weak. The Bollinger Bands are opening downward, and the price is hugging the lower band, steadily declining—this is a typical main downtrend. Another detail: MACD below zero has played a "false golden cross," with green bars shrinking, but DIF and DEA are still diverging. The message is clear: moments of rebound are when big funds are fleeing.
On-chain data is also not optimistic. Continuous net inflows into exchanges for three days indicate whales are transferring Ethereum to major trading platforms. The contract market’s long-short ratio remains high, with no signs of panic selling or covering. From another angle, this means the downward momentum is still strong.
What about the news? There are many regulatory issues. The US delayed the Ethereum ETF decision until May, and regulatory shadows still loom. The Federal Reserve’s expectation of "maintaining high interest rates longer" is strengthening, putting pressure on risk assets. Vitalik recently hasn’t issued any technical bullish signals, and the ecosystem narrative feels somewhat disconnected.
How to operate? Here’s my thinking:
When the price rebounds to the 3080-3100 range, go short directly, with a stop-loss above the previous 3150.
The first target is 2980, which is a previous low support level. The second target is 2850, a weekly support level.
Bottom fishing? Absolutely not. If you want to go long, wait until the daily closes above 3200 and confirm a reversal with on-chain net outflows.
Honest truth: the trend is your friend. Going against the trend and holding positions is just gambling. Currently, the market is sending consistent signals from technical, on-chain, and news perspectives—ignoring them is like fighting against your own USDT in your account.