#ETH巨鲸增持 This fall is really intense, the trend is textbook level. After failing to peak from that position at 0.056, a series of sell-offs began, with bearish lines coming down one after another. If you watch the market data, you can find a pattern: when rebounding, the volume shrinks that much, and once it turns to fall, the volume immediately explodes. Isn't this a clear case of short positions being dominant?

The key point is the level of 0.0443. This price level was previously a structural support, and I was thinking that if this level couldn't hold, there would basically be a vacuum below—there's not much decent support to catch it. As it turned out, after breaking 0.0443, the price plunged directly downwards like a waterfall, only catching its breath near 0.039.

The technical indicators were already evident at that time: the short-term moving averages were all pressing from above, with the 5-day, 10-day, and 20-day lines lined up in a row, and the price was pushed back every time it rebounded to the moving averages. The middle band of the Bollinger Bands was also broken, and multiple attempts to retest were unsuccessful; the main force clearly did not want the price to return to the cost zone. The candlestick pattern goes without saying, with a continuous bearish line downward, with no decent rebound in between, just that kind of one-sided sell-off rhythm. The volume structure was also very clear: volume increased during the fall and decreased during the rise, confirming the trend completely.

0.0443 opened a short position and indeed captured that main downtrend segment, from the break to 0.039, this profit space was quite comfortable. Now looking ahead, if the 0.039 level cannot be held, the downside space will further open up, with the next support likely in the range of 0.036 to 0.034. Even if there is a rebound in the short term, as long as it doesn't stand back above 0.044, the overall pattern is still bearish, and the risk of bottom-fishing is too high.

Market opportunities are always given to those who are prepared. Recently, several targets worth paying attention to are: BID, PIPPIN, ARC, A2Z, SKYA, as there have been some changes in the technical aspects, so it’s worth keeping an eye on them.