Does the ETH Dog Fund weld K-lines into steel wires?
Today, this ETH market makes me want to send a banner to the Dog Fund—"Best Hypnotist of the Year"! The price has been playing around between $1830 and $1840, performing a "space walk," with fluctuations even narrower than the scallions on a pancake.
Latest on-chain monitoring shows that half an hour ago, a mysterious giant whale stuffed 32,000 ETH into Binance, a move comparable to dipping ice pops in a hot pot—CME Ethereum futures premium rate froze to -0.17%. But don’t be fooled by this smokescreen! The top 50 ETH wallets increased their holdings by 1.8% over the past week; this plot twist is more dramatic than "The Legend of Zhen Huan." You might think the Dog Fund is dumping, but in fact, they are secretly hoarding.
Today's three highlights
1. On-chain "Werewolf Game"
Small holders with less than 10 ETH have been bottom-fishing since $2700, while giant whale addresses have hoarded 21,000 ETH. This scenario resembles a hungry wolf eyeing a meat bun, but there might be blades hidden in the bun skin.
2. Technical "Ghost Stories"
On the 4-hour chart, the ETH/BTC exchange rate just smashed out a big bearish candle, and the MACD green bars turned negative, making it look eerie, but the MA10 moving average is still firmly riding on MA30’s neck—this is like a top student lamenting “I’m going to fail” after an exam, only to reveal all A+ grades on the report card.
3. Ecological "Hidden Dungeon"
The number of users on Layer2 networks Arbitrum and Optimism surged to a historic high of 13.6 million, with DeFi locked assets exceeding $100 billion. These "younger brothers’ efforts" often serve as a prelude to ETH's charge, even more exciting than an aunt warming up before dancing in the square.
The on-chain giant whale hasn’t loosened their grip, and ETF capital inflow surged to $150 million, marking a three-month high. The chance of hitting $2000 in May is higher than that of programmers finding a partner. But if you ask me, what’s most thrilling in this market isn’t the ups and downs, but watching how the Dog Fund turns the ECG into a flat line—after all, in the crypto circle, only those who are alive can sing "Bubble!"
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