The Inside Story of ETH's Plunge Exposed! Is Dropping to $1200 a Dream?🩸

The decline continues! The Federal Reserve's insane interest rate hikes + the soaring dollar have led to a liquidity squeeze, severely suppressing risk assets.

Whales are reducing their positions, Bitcoin is dragging down, Gas fees have fallen below freezing point, and ETH's technical indicators have broken through the 200-day moving average, plunging into a death spiral, with trading volume alarmingly low!

Short-term support looks at $1600 and $1500; if it can't hold, it could directly drop to $1300 or even $1000!

Want a rebound? First hold above $1500, then break through $1800 for a chance! Otherwise, don't say I didn't warn you; a crash is no joking matter!💀📉