The market oscillation at midnight reveals the true intentions of the main players most clearly. I've been involved in the crypto market for 8 years. To be honest, what you're seeing now isn't just a simple pullback after a rally; it more resembles a prelude to a major trend.



On December 29th, Beijing time, ETH rebounded from an intraday low of $2922.84, directly breaking through the key psychological level of $3000, and even surged to $3056 at one point. The market was definitely excited at that moment, but the subsequent slight correction caused many to start losing confidence.

I carefully examined the 1-hour K-line chart for a long time. Surprisingly, several key indicators simultaneously issued buy signals—such "coincidences" are actually quite rare in technical analysis.

**There are three phenomena in the technical aspect worth noting:**

The Bollinger Bands breakout this time is different. The price moved directly from the lower band to the upper band and stabilized there, which is a textbook sign of trend acceleration. Now that the upper band has been stabilized and the Bollinger Bands are still expanding, it indicates that the upward space has truly opened.

The situation with MACD is also quite interesting—DIF and DEA are maintaining a golden cross above the zero line, and the green energy bars are getting longer, proving that the buying power is not only not waning but actually accelerating. This kind of reversal after a "volume contraction death cross" usually means the main force has finished shaking out the weak hands.

The volume and price movement also look fine. There is volume during the rise, and volume shrinks during the decline. This structure indicates that funds are not panicking and dumping, but rather using the pullback to accumulate. More convincingly, the MA5 average volume line far exceeds the MA10, showing that the recent inflow of funds is real.

**On-chain data has long hinted at the secret:**

Although the price is still oscillating in the $3000-$3050 range, the smart money on the chain has already quietly positioned itself.
ETH-2,24%
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ShibaOnTheRunvip
· 14h ago
This move is indeed impressive; holding above the upper band of the Bollinger Bands is not a routine operation. The main force's manipulation here is quite slick; I respect the signal of a volume-constrained rally. If 3000 can't be broken, don't keep shouting; let's wait for on-chain data to speak. Forget it, we still need to see how smart money moves; they definitely know ahead of us. The perfect coordination of volume and price indicates someone is quietly accumulating.
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RektRecoveryvip
· 14h ago
ngl, the "smart money" narrative is exactly what gets retail liquidated. seen this setup a hundred times before, always ends the same way.
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GateUser-44a00d6cvip
· 14h ago
Bollinger Bands break above the upper band and stabilize, MACD golden cross energy bars accelerate. This combination is indeed rare. Is the signal that the main force has finished shaking out the traders so obvious?
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AirdropHunterWangvip
· 14h ago
Breaking 3000 and then pulling back again, the main force's move is really incredible, shaking out the traders and making me a bit nervous. Wait, has the Bollinger Band really stabilized above the upper band? Then this wave is indeed different. This is the real accumulation, a volume contraction and pullback to buy at low prices. I bet 5 ETH that this is just the prelude. Repetitive fluctuations between 3000-3050, smart money has already positioned itself, while we retail investors are still debating whether to sell or not. The key is the perfect coordination of volume and price, with MACD accelerating. This is not a coincidence; the main force is speaking.
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TradingNightmarevip
· 14h ago
You're talking about technical analysis again, but I just want to ask, will the main force really be this gentle after shaking out? --- Three years ago, I also believed in this theory, but I got crushed. Now looking at this kind of analysis, I feel a bit nauseous. --- I understand Bollinger Bands opening, MACD golden cross, and all that, but the question is, who the hell can be sure that 3000 isn't the top? --- Smart money layout? Bro, you're that smart money, or are you being squeezed by smart money? --- Forget it, let's wait until a breakout. The current position is too damn ambiguous. --- Eight years of experience is no lie, but I've also seen old guys with eight years of experience sleepwalking and cutting meat at midnight, so what? --- On-chain data has long revealed secrets, but what about your account balance? Be honest. --- It sounds very reasonable, but every time you analyze like this, I end up losing money.
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