Is Ethereum going to make a comeback tonight?
Friends, keep a close eye on the critical range of 1770-1840!
Last night, the U.S. Treasury announced plans to collect crypto taxes, causing the price to drop from 1825 to 1765 in an instant. However, this sharp decline was precisely bottomed out by a mysterious giant whale—
At three in the morning, they swept up 28,000 bloody chips, locking in a cost directly between 1730-1760. On-chain data shows there are still 11,500 buy orders lurking at 1720, clearly aiming to harvest the shorts!
Vitalik suddenly helped out this morning, tweeting that Layer2 locked positions surged by 35% in a week, with large accounts on OP and Base chains transferring madly.
Now the market is like a tug-of-war: policies are bearish while technicals are bullish, and the operators are smoothly playing the “first dump, then pump” routine!
The MACD indicator’s fast and slow lines are tightly squeezed below the zero axis, with the histogram shrinking to -1.8. Historical data shows that there is a 72% probability of a rebound of more than 5% at this point!
The trading volume is even more bizarre, with actual trades being half of the operator's script, and the 5-day average line has crossed below the 10-day line—this market is clearly retail investors lying flat while the operators are self-indulging!
This morning’s spike from 1765 back to 1800 blew up the stop-loss orders of the leveraged bulls. Now it has been consolidating for over 6 hours, and a trend change could happen at any moment!!
Are you stuck? When to bottom out? As always, if you're confused and unsure about what to do, click on my avatar to comment. I need fans, you need references.
I will continue to ambush strong coins, if you want to follow 👆 strategy 🚙: 111