Ethereum has encountered a 'death cross' but giant whales are secretly bottom-fishing? Veteran traders in the crypto circle help you see through the long-short maze

"When the moving averages on the K-line chart weave into a noose, on-chain data is secretly conveying codes in the undercurrent." — This morning, I opened the ETH/USDT hourly chart and sensed the illusion set by the main funds

This bearish candle that plunged from $2530 to $2450 appears to be a textbook-level short seller's carnival, but experienced traders know that the real script often hides in corners you cannot see.

The glaring death cross on the chart is classic: the moment MA7 (2489) crossed below MA30 (2530), it directly triggered the collapse of the bullish defense line in the early morning

On the news front, three hours ago, the SEC's announcement of a renewed review of the Ethereum ETF created subtle expectations about the $2400 level in the market

The funding rate remains in a mild range of 0.0084%, indicating that leveraged liquidations have not yet entered an extreme state — this could instead become a launchpad for a counterattack by the bulls. What’s even more intriguing is the wall of 2000 ETH sell orders piled up at the $2499 level: is it a trap set by the main force to lure shorts, or a genuine pressure fortress?

Remember three key phrases in operation: "A spike without breaking the bottom means whales are bottom-fishing; explosive volume kills panic, go long in reverse." What needs to be done now is to place orders in batches below $2450, with stop-loss set at $2388 (the lower Bollinger band of the daily chart), targeting the $2580 neckline position

Keep 30% of your position to guard against black swans, after all, there’s a ticking time bomb with Powell's speech at 3 AM.

When everyone stares at the death cross on the screen trembling, the true hunters have already set up traps in the abyss

Tonight is destined to be a river of blood, but remember: in the crypto world, K-line charts always depict the electrocardiogram of human nature, not a technical manual

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