Chip concentration 68%! $ETH The longer it consolidates, the deeper the 'liquidation bomb' of the whale is buried?
Consolidation and pretending to be dead, the trend reversal is deadly — ETH is oscillating with reduced volume on a two-hour level, the knife of the predator is already hanging above $3,000!
1. Latest news!
1. Early this morning, Vitalik suddenly tweeted about the 'acceleration of Ethereum Layer2 progress', causing ETH to spike to $2,980, but on-chain data immediately poured cold water — a certain whale sold 25,000 ETH early in the morning, smashing the price back to $2,920.
2. More interestingly, this whale was simultaneously dumping while placing buy orders at $2,880, playing a 'high sell low buy' trick.
3. Brothers, this market is just a fishing game for the predator, waiting for retail investors to chase highs and sell lows! The latest on-chain data shows that the top 10 addresses' holding ratio has soared to 45%, with chip concentration maxed out — the predator is clearly controlling the market, just waiting for retail investors to step in and take the bait.
2. Technical aspects!
1. MACD: The golden cross on the water has turned into a false peak, DEA (1.77) and MACD bar (0.07) are glued together, appearing as a golden cross but actually is quite weak. It's like stepping on the gas while the fuel tank is leaking; it looks lively on the surface but can break down at any time. Remember the mantra: 'MACD stuck on water, consolidation until New Year'!
2. Moving average system: MA5 is being beaten by MA10, with MA5 (12,024) trading volume being pressed down to the ground by MA10 (8,990), indicating that the average selling pressure over the past 10 days is even stronger than the recent 5 days. Even more painful is that the actual trading volume is only 9,520, which can't even reach the estimated volume (11,296) — the predator finds it costly to pump the price and loses money when dumping, so they can only play tricks.
3. Trading volume: Reduced by 15%, what is the predator waiting for? The actual trading volume is 15% lower than estimated, shrunk to a hair compared to last week. But the term 'chip concentration' hides a deadly plot — the on-chain chip concentration has surged to 68%, and the predator is holding chips, just waiting for retail investors to be unable to resist entering the market for a big harvest.
Remember! At the extreme of reduced volume, it's either heaven or hell — I am Tang Seng, supported by a top team, only serving those with vision and ambition!