Ethereum's Lifeline! Countdown to Market Change in April!
#MEME币狂欢 This week, ETH has been more thrilling than a roller coaster - the price has been repeatedly hovering around $1900, with major funds pretending to support the market while secretly unloading. Now, $1900 has become a heavy stone on everyone's chest!
Technical Analysis: Stumbling, Weak Rebound
The moving average system's "death cross" is showing its power.
The EMA24 and EMA52 moving averages are like two guillotines, firmly pressing down on the price. The 52-day moving average is even sloping downwards, signaling a bearish outlook for the medium term;
Even the KDJ golden cross, this "old lover," can't save the situation, and the MACD green bars are still bubbling up, like an Alzheimer’s patient suddenly waking up.
Chip Distribution is "Lurking with Danger"
Around $1900 above, there is a trapped position of 775,000 ETH (equivalent to 5.98% of the current price), all held by retail investors who chased high during last year's bull market;
Now, if the price dares to rush to $1900, these "bloody chips" will come crashing down like an avalanche, making it harder to break through than climbing to the sky.
Capital Flow: Major Players Using "Left Hand to Right Hand" Tricks
Whale Positions are "Retreating While Attacking"
The group of whales that bottomed out on March 13 is now stuck with an average cost of $1850. Last week, as the price rebounded to $2000, they secretly reduced their holdings by 120,000 ETH, clearly trying to lower their cost through trading;
New capital entering? Don’t dream! In the past 7 days, there have only been 775,000 new ETH buyers, which is even less than the fractional part of the trapped positions at high levels.
Volume-Price Divergence is "Scaring Off Retail Investors"
The price has been sideways around $1880-$1900 for 3 days, but the 24-hour trading volume plummeted from $1.2 billion to $600 million. The major players clearly had no intention of truly pushing the price up;
This combination of "low volume consolidation + concentrated chips" historically has been a precursor to a 90% drop.
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