Overview of Ethereum's major news in the last 24 hours

1. Market dynamics overview ETH price performance

ETH dropped below 2400 dollars on May 19, with a 24-hour decline of 3.17% (as of 10:16 data). The current market is highly volatile, putting short-term technicals under pressure.


Frequent unusual movements of giant whales

In the past 24 hours, multiple giant whale addresses concentrated their sell-off of ETH, totaling over 13,000 ETH, with total profits exceeding 5.5 million dollars, raising market concerns about short-term selling pressure.


2. Review of bearish factors

1. Giant whales concentrated sell-off

6384.5 ETH transferred to Binance (05/19 10:19)

A giant whale sold holdings at an average price of about 2435 dollars, profiting 4.26 million dollars compared to a cost price of 1768 dollars a month ago, showing a strong willingness to take profits.

7000 ETH chain sell-off (05/19 09:46)

Two addresses sold 4718 ETH (profit of 3.18 million) and 2594 ETH (profit of 1.31 million), intensifying market panic.


2. Institutional shorting signals

Hyperliquid large short position (05/19 10:01)

A smart money with a profit of 15 million dollars continues to short ETH, setting 100 limit orders (in the range of 2460-2480 dollars), betting on a short-term decline.


3. Accumulation of derivatives risk

High leverage liquidation cases (05/19 08:40)

A giant whale switched from a 25x leveraged ETH short position, losing 2.46 million dollars, to a BTC long position, reflecting strong liquidation risks amid high market volatility.


4. Security incident impact

Hardware wallet phishing attack warning (05/19 09:09)

Fake Ledger devices induce users to leak mnemonic phrases, potentially undermining new entrants' confidence.


3. Analysis of bullish factors


1. Long-term value narrative

1confirmation supports ETH (05/19 09:35)

The founder proposed a vision of "ETH market capitalization potentially reaching 120 trillion dollars," emphasizing the neutrality and censorship resistance of decentralized assets.


2. Ecosystem capital inflow progress of Layer2 solutions

Coinbase's newly launched cbBTC circulation exceeds 40,000 (05/18 15:30), indicating institutions' continued layout in the Ethereum ecosystem.


4. Key data monitoring

Current indicator value 24H change ETH price 2404 dollars -3.17%

On-chain large transaction count 87 transactions (>10,000 ETH) + 22% perpetual contract funding rate -0.03% dominated by shorts


5. Outlook for the next 24 hours short-term trend judgment:

Bearish forces dominate, key signals to watch include:

Can the psychological support level of 2400 dollars stabilize?

Changes in whale address holdings (currently, the top 100 addresses hold 31.8% of ETH);

The performance of US tech stocks impacts the risk appetite in the crypto market.

Operational advice:

Short-term investors can pay attention to the volatility opportunities in the range of 2380-2450 dollars, while medium to long-term holders should focus on the progress of the Pectra upgrade and expectations for ETF approvals as fundamental catalysts.


Note: Market volatility is increasing, please reasonably control positions and enable stop-loss strategies.