Junze’s Friday Ethereum Analysis [Price Trend Analysis] 1. Candlestick pattern: Daily timeframe: Two consecutive large bearish candlesticks with huge volume appeared on October 7 and October 8, indicating strong selling pressure in the market, with bears in control. 2. Technical indicators: MACD: Both the DIF and DEA lines are running deep below the zero axis, with the DIF line below the DEA line. The MACD histogram is negative, indicating that the market is in a strong bearish trend. The absolute value of the MACD histogram has contracted somewhat, suggesting that short-term downside momentum may be slowing. 3. Trading volume: The 4-hour candlestick volume at 20:00 on October 8 (143646) was huge, accompanied by a sharp price drop, confirming substantial selling pressure in the market. Junze’s low-level long idea yesterday was stopped out. I really didn’t expect the bears to push the price down so smoothly, but Junze currently believes the overall direction remains unchanged. Unless the 2380–2350 area below is decisively broken, he will not turn bearish, although smaller timeframes should also follow the trend! Currently, both the 1-hour and 4-hour charts are turning bullish, so be cautious about entering shorts. Trading plan: Go short around 2500–2530, with take-profit targets at 2480–2435. Go long at 2435–2450! Take-profit targets: 2480–2530.

After the market’s sharp plunge, an F2Pool co-founder converted nearly $20 million worth of BTC into ETH. According to Ember Monitoring, in the early hours of October 9, F2Pool co-founder WangChun sold 235.5 WBTC, worth approximately $19.31 million, in exchange for 7,848.5 ETH. What signal does this move send? My view: What deserves attention is the shift of funds from BTC to ETH, but a single portfolio swap is not enough to prove that the market is broadly rotating into ETH. It could also simply be an adjustment to an individual’s holdings. Next, the key points to watch are whether the ETH/BTC exchange rate can continue strengthening, whether spot buying of ETH follows, and whether BTC can stop declining. Only if ETH’s relative strength is confirmed will there be more reason to focus on potential capital rotation opportunities. Don’t rush to copy trades. What truly matters is not what a particular whale bought, but whether funds continue to follow afterward. What do you think about this swap? Is it a bullish bet on ETH, or simply a portfolio reallocation? #Bitcoin #Ethereum #Crypto