ETH is playing heartbeats again! The 4-hour K-line shows a double top, retail investors: Is this a deep squat or burying people?

【K-line chart: Double top pullback, bulls temporarily back down】

Recently, ETH's 4-hour K-line chart looks like a roller coaster—first skyrocketing from $1800 to $2580, then suddenly 'double top pullback', smashing the price down to $2498! Now the MACD green bars are still emerging, and the KDJ indicator seems to have been put on pause, with short-term bears clearly gaining the upper hand.

Little Fatty highlights: The double top neckline is at $2580; if the price can recover here, bulls can still make a comeback; if it falls below $2430, it's really going to be 'the cool night is full of your memories'.

【Key support levels: These two price points are critical!】

1. $2423-$2430 (Short-term lifeline)

- This is the intersection of the 10-day and 30-day moving averages, also the 'golden bottom' that hasn't been broken in recent pullbacks.

- Trading suggestion: If it drops here, you can lightly bottom fish, set a stop loss at $2410, targeting $2580.

2. $2280 (Ultimate defense line)

- The 'ancestral support level' from late April, if we can't hold here, it may trigger panic selling, heading straight for $2000.

【Where are the resistance levels? These two price points hide the bears】

1. $2580 (Bears' stronghold)

- Previous high resistance + double top neckline, bulls must take this down before launching a counterattack.

- Trading suggestion: Try shorting when rebounding here, set a stop loss at $2610, targeting $2430.

2. $2708-$2723 (Historical resistance zone)

- The trapped positions from last November + trend line suppression, breaking through here requires a volume increase; otherwise, it could easily lead to a 'headshot'.

【Institutional movements: Are major players secretly positioning themselves?】

- Recently, large holders have been secretly transferring ETH, such as a wallet suddenly transferring 24,000 coins (worth about $59 million) to an exchange, unsure if it's to dump or pump.

- BlackRock and these institutions are still buying, the net buying volume on May 15 hit a monthly high, indicating their long-term optimism on ETH.

【Little Fatty speaks: What should we do now?】

- Short-term players: Can trade between $2430-$2580, quick in and out, don't get attached.

- Long-term players: Accumulate in batches when dropping to the $2360-$2430 range, targeting $4000-$5000 (a pie drawn by analysts).

- Risk reminder: Recently, contract positions have surged, be careful of being spiked! If ETH falls below $2430, better to run.

Lastly, a reminder: There's no risk-free investment in the crypto circle; the above analysis is for reference only. Before investing, remember to chant three times: 'I can bear the risk of going to zero!' #ETH #ETH走势分析 $ETH