The $1800 threshold for Ethereum has become a battleground for bulls and bears!
The on-chain whale holding chart has been exposed—this price level has the most densely packed chips fortress in the last three months, with clear signs of major players defending it!
Although the short-term KDJ indicator is weakening and the volume has shrunk, exposing a lack of upward momentum, the EMA double line golden cross suggests that a large-scale market trend is brewing.
Traders are playing psychological games: every time it dips back to $1800, it's like hitting a springboard and bouncing back instantly, yet the ETH reserves on exchanges have strangely dropped to a two-year low.
Remember, this choppy market is the golden period for making profits. When all the technical analysts are waiting for a breakout, the explosive bullish script is often already written into the smart contracts of the major players.
Tonight, keep an eye on the $1795 powder keg; a five-minute bullish candle could ignite a monthly level fuse!
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