Is Ethereum partying tonight or lying flat? The smoke bombs from the market makers are denser than a Spring Festival Gala skit!
Watching this ETH market makes people want to hand in their resignation letters to the market makers! The price is playing a 'whack-a-mole' game between $1830 and $1840, with the daily fluctuation not even as wide as the chives on a pancake. The Bollinger Bands are welded tighter than a security door— the upper band at $1843 has an 'High Pressure Danger' LED sign hanging, the lower band at $1825 has a 'Free Beating' advertisement stuck on it, and the middle band is like a retired old man squatting at $1835 munching on sunflower seeds. The two MACD lines are almost sparking off each other, the green bars are shrinking more than a programmer's hair volume, and looking at the negative values, it's clear the market makers are holding back a big move!
Latest on-chain monitoring shows that half an hour ago, a mysterious giant whale stuffed 35,000 ETH into Binance, an operation comparable to pouring ice-cold Coke into a hot pot— the CME Ethereum futures premium rate has directly dropped to -0.17%. But don't panic! Vitalik just released a special preview for the Cancun upgrade 'Unlocking Staking', more potent than a steroid, and although BlackRock withdrew the revision terms for the staking income ETF, the US Ethereum spot ETF secretly absorbed $6.5 million in real cash yesterday.
Today's three major captivating highlights
1. The market makers' 'Werewolf' trump card
That 35,000 ETH transfer looks intimidating, but the top 50 wallets on-chain have actually increased their holdings by 1.8% over the past week— a classic case of 'openly repairing the road while secretly crossing the river'. This plot twist is even more dramatic than 'Empresses in the Palace', you thought the market makers were dumping, but in fact, they are secretly picking up bargains!
2. The 'Schrodinger's Cat' of technical analysis
On the 4-hour chart, the ETH/BTC exchange rate just smashed out a big red candle, and the MACD green bars turning negative looks scary, but the MA10 moving average is still firmly riding on the MA30's neck. It's like a top student saying 'I might fail', but when the report card comes out, it's all A+!
3. The hidden buffs of the ecological faction
The number of users on Layer2 networks Arbitrum and Optimism has reached a historical high, and the DeFi locked value is climbing towards $100 billion. Many people don't take these data seriously, but you should know— every time ETH skyrockets, these little brothers are the ones who secretly rise by 30% first!
Will tonight be about partying with the market makers to break through $1900, or will we be pinned down at $1750?
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