ETH Panic in 24 Hours: Major Players Cut Investors, Can the $2600 Lifeline Hold? ##CPI数据来袭

This morning, ETH staged a textbook-level 'V-shaped reversal', with the price plunging from a high of $2738 to $2646. The MACD at the 4-hour level formed a dead cross, and the daily line closed with a long upper shadow bearish candle.

ETH is currently at $2645, with the total liquidation amount exceeding $38 million, and the long-short ratio has dropped sharply to 1:1.3, as the bears begin to take control.

Three Major Death Signals in Technical Analysis

Major Players Offloading Confirmed

At 3 AM, after ETH spiked to $2738, on-chain monitoring detected that a certain whale address sold 12,000 ETH on Coinbase, directly penetrating the main support zone of $2700-$2738.

Bitfinex leverage contract data shows that there are over 1500 ETH short orders stacked above $2700, forming a 'high-pressure blockade'.

MACD Shows a Death Cross

The MACD at the 4-hour level has crossed below the zero line, with red momentum bars continuing to expand, and the RSI plummeted from the overbought zone of 72. More critically, the daily level has formed a 'dark cloud cover' pattern, creating a double top prototype with the bullish candle formed on May 14 by BlackRock.

Funding Rate Drops to Zero, Hiding Danger

Despite the price still oscillating above $2600, the Binance funding rate has dropped to -0.008%, and OKX perpetual contract positions decreased by $270 million in a single day. This wave of collapse has triggered the liquidation of long positions worth $120 million in ETH, with $2600 being the last psychological defense line for the bulls.

News Bomb Warning

Sudden news this afternoon

The U.S. SEC is re-evaluating the security attributes of ETH, and the hearing results may impact BlackRock's ETF approval.

Vitalik urgently tweeted, hinting that the Pectra upgrade may be delayed, and the Layer 2 project Optimism's token OP fell by 8%.

A certain exchange is suspected of misusing ETH staking assets, triggering community panic and a bank run.

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