$ETH Although it's going crazy, it still remains bearish.



BlackRock transferred 1,224 BTC and 11,475 ETH to exchanges, a on-chain anomaly often seen as a potential precursor to selling. Even the world's top asset management firms are ready to offload their holdings at any time, and this signal will severely suppress other funds' willingness to enter the market, further intensifying panic selling. It is expected that ETF funds will see a large net outflow today, and in the absence of strong buying support, the market is likely to continue downward pressure. Therefore, maintain short positions and continue to be bearish. #WCTC交易王PK
ETH-0.66%
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OldKSpecializesInTrading
After rising and falling, it still dropped back down. $ETH

Ethereum's daily trend has already turned bearish, and this current volume-less rebound is essentially a trap set to lure in the bulls. The 2300-dollar level acts as a key supply zone, and the resistance has been clearly validated. The closer the price gets to this area, the better the risk-reward ratio for the bears.

After the non-farm payroll data was released tonight, ETH briefly tested the 2300-dollar resistance level before quickly falling back, indicating heavy selling pressure in that area and a lack of momentum for a successful breakout. #ADP就业超预期降息再推后
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