#美SEC促进加密资产创新监管框架 There are still two hours left until the 21:30 unemployment data release. $ETH is now stuck grinding back and forth in this narrow range between 3170 and 3200.



Why isn’t it moving? Everyone’s waiting for the data to come out. At times like this, there’s often a quick move, so ultra-short-term traders can keep a close eye. Plus, after the US stock market opens, ETF funds will flow in, which could ignite buying sentiment.

The recent market trend is pretty interesting—a sluggish daytime, but violent surges at night. However, today ETH’s pullback has clearly narrowed, and you can see obvious support funds defending the bottom, which shows the bulls aren’t panicking.

Now it’s all about waiting for a breakout on higher volume. During this sideways period, whales are clearly collecting short positions. Data shows that over $370 million in ETH short liquidations are accumulating around the 3300 level. If the price holds steady after the market opens, there’s a high chance of triggering this round of liquidations.

The bullish structure is already very clear; the key is whether there will be a wick when the data is released. If you want to position long in advance, you can move your stop loss down by about thirty points for protection.

$BTC $SOL
ETH-3.9%
BTC-3.27%
SOL-4.26%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)