$ETH Tonight’s Non-Farm Payrolls will decide everything, with the market splitting sharply.


Technically, the 4-hour chart shows triangle convergence; 1620-1630 is overhead resistance, while 1570-1580 is support.
The positioning is clear: at 1650-1670, short orders are being piled up, and at 1570-1580, long orders are bunched together—main players keep poking both sides to liquidate and harvest both longs and shorts.
The 8:30 Non-Farm Payrolls data is the key: the expected increase is 110k. A higher-than-expected print is bearish for ETH; a lower-than-expected print is bullish.
Trading range: short 1630-1650, and go long on the dip at 1550-1570.
ETH4.84%
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