ETH has been moving sideways all afternoon, making people anxious. As a result, as soon as the US stock market opened, it gapped up, and Ethereum immediately pumped a bullish line and soared.
To be honest, today’s market movement is really hard to understand. Is it following the sentiment of the US stock market? Or is the main force playing some tricks? What worries me more is, will the US stocks open high and then drop? If so, wouldn’t Ethereum have to adjust again?
The linkage between the cryptocurrency market and traditional finance is becoming increasingly apparent, but how long can this rhythm of rising without falling last?
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
17 Likes
Reward
17
10
Repost
Share
Comment
0/400
consensus_failure
· 11-27 02:39
The US stock market pumped right at the opening, this rhythm is really amazing, it feels like ETH is just a follower.
---
Following the rise but not the fall? This is the trick that market makers love to play.
---
During the sideways phase, I almost fell asleep, but then it surged up in one breath, this wave is really messed up.
---
To put it bluntly, it just lacks autonomy, completely being led by the US stock market.
---
If the US stock market opens high and then falls, ETH will be in a lot of pain, this kind of correlation is really harmful.
---
I just want to know how long this kind of following can last, it's bound to flip at some point.
---
Can't understand? That means the market makers haven't revealed themselves yet, just keep waiting.
---
That period in the afternoon was really frustrating, I thought it was going to break, but thankfully the US stock market saved the day.
---
Encryption and TradFi are becoming more and more tightly bound, it feels like there’s no freedom left.
View OriginalReply0
LiquidationWizard
· 11-27 00:27
As soon as the US stock market opened, it followed the trend; the market maker's series of trap operations is too smooth, dodging quickly when there is a fall.
View OriginalReply0
MagicBean
· 11-26 13:21
Sideways is really amazing, as soon as the market opened, it was Clip Coupons by the US stock market. Whether it can hold above this time is the key.
View OriginalReply0
CryptoGoldmine
· 11-24 16:55
Sideways means testing the market. As soon as the US stock market opens, it immediately follows the trend, which indicates that liquidity is indeed dominating the narrative.
The key question is how long this wave of the US stock market can hold; otherwise, it's just a false breakout.
Compared to chasing the price, I am more concerned about the Computing Power yield ratio; stability is the king.
The game of following the rise but not the fall won't last long; let's see how the Difficulty Retargeting cycle goes.
The probability of a price turning lower after positive open is not low; doing a stop loss is more important than anything else.
This kind of linkage is actually a liquidity tide, and we need to see what attitude the Fed has.
The market maker is testing the water level; patiently waiting for layout opportunities is wiser than rushing to enter a position.
View OriginalReply0
FreeRider
· 11-24 16:52
As soon as the US stock market opened, it got trapped; this rhythm is really amazing...
The market makers just can't grasp the US stock market's thoughts, they play the game of rising but not falling skillfully.
After sideways trading for so long, suddenly pumping up, it always feels like something is off.
Waiting to see if the US stock market will crash; by then ETH will have to kneel again.
This kind of correlation is really a double-edged sword; it's exhilarating when you make money, but even worse when you lose.
View OriginalReply0
ConfusedWhale
· 11-24 16:44
Market makers love to stir things up like this, making my scalp tingle. Once the US stocks plummet, we'll have to recoup investment.
View OriginalReply0
NFTDreamer
· 11-24 16:41
Sideways is really torturous, the US stock market moves and we all follow suit, I've been annoyed by this operation.
The market maker really knows when to choose, only pumping after the US stock market opens, so calculating.
This following the rise but not the fall routine will have to be repaid sooner or later.
I really don't understand this linkage, who is manipulating whom?
If the US stock market opens high and then falls, ETH will be buried again, it's driving me crazy.
What happened to the promised independence? Now it's just like a tail.
After grinding for a long time, just waiting for this move from the US stock market, and it really worked.
That horizontal line in the afternoon was really devastating, are we starting to believe in the US stock market now?
The market maker's timing is incredibly accurate, how do you follow that?
Following the rise but not the fall is indeed funny, we should have seen through it from the start.
View OriginalReply0
BoredRiceBall
· 11-24 16:41
This wave is indeed a bit strange. As soon as the US stock market moves its mouth, ETH follows suit. Feels like the big players are using the US stock market as a remote control.
Following the rises but not the drops has become the norm—it's a bit exhausting.
The big players are playing pretty dirty here, just waiting for the moment the US stock market turns on us.
To put it bluntly, the US stock market is running the show, and we're just dancing along.
The linkage is way too obvious... it's honestly a bit annoying.
After the sideways grind, we still have to worry about a pullback. What are the big players really after?
If the US stock market tanks, we'll have to take the hit again. It's a cycle.
View OriginalReply0
UnluckyLemur
· 11-24 16:34
As soon as the US stock market opens, ETH follows suit. I'm tired of this pattern; sooner or later, it's going to backfire.
View OriginalReply0
TommyTeacher1
· 11-24 16:28
The sideways market is really amazing, it's quite enjoyable to ride the wave.
As soon as the US stock market opens, you know there's something going on with this wave, the market maker has a firm grip on the rhythm.
But how long can this joy of following the rise last? Who knows?
Let's wait for the moment when the US stock market plummets, at that time, ETH will probably go down with it too.
ETH has been moving sideways all afternoon, making people anxious. As a result, as soon as the US stock market opened, it gapped up, and Ethereum immediately pumped a bullish line and soared.
To be honest, today’s market movement is really hard to understand. Is it following the sentiment of the US stock market? Or is the main force playing some tricks? What worries me more is, will the US stocks open high and then drop? If so, wouldn’t Ethereum have to adjust again?
The linkage between the cryptocurrency market and traditional finance is becoming increasingly apparent, but how long can this rhythm of rising without falling last?