$ETH ETH Crash Alert! 1740 Defense Line in Danger, the Dog Fund Has Laid Down Five Layers of Death Traps!

1. Technical Crash Signals

ETH smashed through the 1740 life-and-death line this morning, the MACD double lines are about to play 'underwater death cross', and the RSI is stuck at 39.7 playing dead. The tombstone line on the four-hour chart has engulfed the previous six bullish lines, a typical 'door painting' precursor to a crash! What's even crazier is the false breakout at 1754 early this morning, which was actually a trap set by the Dog Fund using 2000 ETH as bait, smashing through 1740 in 10 minutes, directly blowing up over 120 million USD in long positions!

2. Financial Nuclear Bomb Warning

Suddenly, the chain exploded: three giant whales transferred 120,000 ETH to Binance's cold wallet, coupled with a perpetual contract negative funding rate of -0.018%, institutions are clearly sneakily placing short positions. The most critical part is the narrow range of 1737-1740, piled up with 2.3 billion USD in options positions, with 80,000 contracts expiring at 8 PM tonight, both sides will be fighting fiercely here!