Good evening, everyone. I know that many people are watching the K-line charts and scrolling on their phones right now.

How much is Ethereum worth right now?
As of the time of this post, ETH is quoted at $2,303.
Do you feel like the price can’t seem to go up or down—stuck and a little annoying? Don’t worry. This level is very critical tonight. Let’s peel it layer by layer and break it down.

📊 Price action: sideways on the surface, the night before a reversal

· “Slight dip and sideways”
In the past 24 hours, it barely moved. But under the calmer surface of the water, it’s often more turbulent.
· The actual situation: the big battle is at 2,190 and 2,405.
The few hundred dollars of fluctuation in your hands is just “interest.” The market makers are watching the “principal” on the order of $800 million. Once it falls below 2,196, mainstream exchanges will directly liquidate $491 million of long positions; if it breaks upward above 2,405, the shorts will also have to pay out $485 million. With only about 200 dollars between the two sides, a major shock is right around the corner.

⛓️ On-chain indicators: some people are taking over, and others are running

· Good news (the buyers):
The Ethereum Foundation sold another 10,000 ETH to institutions.
Don’t rush to start cursing! This time is an OTC (over-the-counter) deal, not a dump. The buyer is **Tom Lee’s company**. They already have 5 million ETH and are still accumulating. This shows that the real “smart money” is positioning for the long term.
· Bad news (selling pressure):
Although this move from the Foundation is driven by financial needs, emotionally it really does disgust people. Also, that big brother is going long with 25x leverage—his liquidation price is at 2,229. The one thing “the dog market maker” loves most is to first blow up such big accounts.

🌍 Macro and capital flows: this is the biggest “mine”

· Macro turning point:
The Federal Reserve is discussing “rate hikes” again—it’s no longer rate cuts. For risk assets, it’s like a sword hanging overhead.
· Risk appetite:
Recently, everyone has been buying XRP and SOL, while the ETFs for BTC and ETH are seeing net outflows instead. This indicates that the current money is just “rotating” rather than increasing. Pushing ETH higher will require more bullets than before.

💎 Trading idea: where is the bottom line?

Right now, the disagreement between bulls and bears is extremely severe.

· My logic:
Better to chase the upside than to try to catch the bottom.
The current rebound has no volume, and it’s being constrained by the resistance zone at 2,340 - 2,360. If this leg can’t even hold above 2,340, then it’s a continuation of the decline.
· Specific strategy:
Don’t rush to place trades—wait until the signal is clear before acting.

1. Long strategy:
You must wait for the 15-minute K-line’s body to firmly hold above 2,330.
· Entry: 2,335 - 2,345
· Stop loss: 2,280 (give the market makers some room to insert a needle)
· Position size: 3-4 tenths; this is a bet to “fill the CME gap,” targeting 2,400.
2. Short strategy:
If the rebound reaches the 2,390 - 2,410 area and forms upper wicks, or if it effectively breaks down below 2,280.
· Entry: 2,380 - 2,400 (stalling / lagging higher) or a weak pullback from 2,270
· Stop loss: 2,435
· Target: 2,200

Friends, the current market is like calm before a storm.

Do you believe that the “brother” who went all-in with 25x leverage can pull the market up? Or do you think the market makers will first insert needles downward to liquidate the long positions before pushing higher?

Leave your view in the comment section: Will ETH go up to 2400 first tonight, or drop to 2200 first? #WCTC交易王PK $ETH