ETH High Wire Act! Tonight's Ultimate Long and Short Stranglehold Battle
Ethereum is currently bungee jumping between $1720 and $1850, with the whale controlling the market more fiercely than a dance mom vying for the center stage. The four-hour chart looks like a crypto version of 'Squid Game'—either it shoots up to $1900 to pop champagne, or it crashes through the floor to bury leverage!
Three nuclear bombs are loaded on the chart
First Bomb: Bollinger Bands Twisted into a Noose
The upper band at $1850 is like a high-voltage power grid, the middle band at $1800 is the whale's control headquarters, and the lower band at $1720 is hanging a lifeline for retail investors. Focus on the middle band at $1800 as a lifeline; the tragic fake breakout on the 28th of last month dropped 15% and is still fresh in memory. On-chain data shows there are 180,000 ETH guarding at $1720, but don't be too trusting of support—just yesterday, a giant whale pierced through with an 8% bearish hammer at $1750.
Second Bomb: MACD Death Cross
The DIF line at -5.21 and the DEA line at 5.40 are kissing closely, and the red bars have shrunk like the height of Wu Dalang. The bottom divergence on the four-hour chart has failed, replicating the signals before the crash on May 6. Worse, the fast and slow lines are crossing in the -15 area, and the bearish momentum bars have soared to -35 degrees, potentially replicating last week's plunge to $2500.
Third Bomb: On-chain Nuclear Bombs in a Chain Reaction
Last night, 32,000 ETH were transferred out of CoinbasePro, this operation is eerily synchronized with the pre-crash signals of April 26. Even more alarming is that El Salvador's $280 million ETH reserve may cause a crash, which is more brutal than a mom snatching discounted eggs.
Everyone:
Bullets loaded, keep a close eye on the $1680-$1720 golden pit! This range is filled with dense institutional orders, ready to drop and blindly buy back 30% of the position. Remember to enter in two batches, leaving enough bullets for a second strike.
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