#ETH巨鲸增持 Ethereum's movement tonight is basically in sync with the market, entering a sideways digestion phase after the rebound.

First, let's look at the price action: it rose from 2855 to 3099, which is quite a significant increase. Now it has pulled back to around 3020 and is oscillating back and forth. The market is actually quite interesting; although there was a net outflow of 62.34 million USD today, the funding situation looks a bit hesitant, but the position volume remains stable at a high of 5.765 billion, and the trading volume has expanded to 2.05 million contracts. What does this indicate? The market participation has not decreased; it is just digesting the previous gains.

From a technical perspective, the middle band of the Bollinger Bands on the hourly chart has become a key support level, and the price is currently holding above the middle band. The DIF line of the MACD has just crossed above the DEA, and the red bars are continuing, indicating a bullish pattern, but the strength cannot be described as fierce. It is worth noting that there is a large sell order of 30.16 million dollars on the main order side, which will exert pressure on the short-term rebound.

Here are two approaches for the operation:

If you are bullish, wait for the price to stabilize in the range of 3000-3005 before entering the market. Set your stop loss below 2970. The first target is 3037, and if it breaks through, aim for the previous high of 3050.

If you want to short, be patient and wait for the rebound to 3035-3040 where there is resistance before taking action. Set the stop-loss above 3055, with the initial target at 3005; if it breaks, it could extend to around 2990.

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