$ETH The Truth Behind the Wild Fluctuations: MACD Divergence Hides Danger, Whales Dumping $150 Million in Short Positions!
Both bulls and bears are cutting each other, with ETH's four-hour chart performing a 'meat grinder market' — Only those who can withstand the volatility deserve to feast!
Today's Ethereum four-hour candlestick analysis: 1900 is the line of life and death, the main players are playing psychological warfare.
ETH today is like a 'bungee jumper'; combining the latest on-chain data and technical indicators, this market is clearly 'controlled by the main players, specifically hunting down those chasing the price upward'. We need to tighten our belts and not get thrown off the train!
1. Three Major Technical Hurdles!
1. This old buddy MACD — DIF (50.0) is still stubbornly holding above DEA (0.0), but the MACD histogram has shrunk to a green turtle (value -50.0), clearly a 'top divergence' structure.
2. Trading volume is a drag — Actual transactions are 598,500 ETH, which is 21% less than the estimated 758,600, a typical 'false breakout and real losses'. The price is stuck in the 1900 high-pressure area, but the volume is like a deflated balloon; the main players can casually dump 80,000 ETH (on-chain verified data), causing the market to instantly collapse with a 5% bearish candlestick.
3. MA5 (1838) and MA10 (1799) have been broken, and now these two lines have become the 'ceiling' for rebounds. If the price can’t even touch 1838 on a bounce, the downward channel will officially open!
2. Three Major News Highlights!
1. There’s only one piece of good news — The Ethereum Cancun upgrade testnet just passed, and Layer 2 gas fees have dropped by 80%, which has energized ecological projects, causing OP and ARB to rise.
2. However, negative news can hit hard, and whales are brazenly dumping: On-chain monitoring shows that a large holder transferred 80,000 ETH to Binance within 2 hours, clearly signaling a 'high-altitude dump';
3. The Federal Reserve adds pressure, as Powell hinted that interest rates may rise in September, causing the dollar index to soar, with ETH and other risk assets being pressed down.
Remember! The crazier the market, the harsher the opportunities! I am Tang Seng, supported by a top-tier team, only serving ambitious and visionary individuals!