Ethereum "Death Cross" Emerges at 45,205,818,594! $1,800 Becomes the Life and Death Line for Bulls and Bears, Has Smart Money Quietly Positioned?

Summary

ETH is currently priced at $1,818, approaching the upper Bollinger Band, with short-term overbought risks intensifying. The technical indicators show a price deviation from MA200 (7.25%) and holding cost (5.67%), but the contract open interest has plummeted by 59.9% in the last 24 hours, exposing liquidity risks. It is recommended to position short near the current price of $1,820, with a stop loss at $1,845 and a target of $1,750, yielding a risk-reward ratio of 2.5:1. Caution is advised regarding potential market sentiment shifts triggered by Ethereum's new proposal.

Technical Analysis

1. Price Status:

• Bollinger Band position at 96.7% touching the upper band at $1,819.8, RSI at 60.57 indicates short-term overbought

• MA200 deviates by 7.25% reaching $1,695, forming long-term support

• Holding cost at $1,721 deviates by 5.67%, a breakthrough at the current price will trigger profit-taking pressure