#ETH走势分析 Ethereum breaks below $2400! Buy the dip or escape? One chart to see the dealer's cards.

Family! This Ethereum rollercoaster today has me dizzy! Just struggling at $2420, and in the blink of an eye, it dropped to $2389! Is this massive drop a signal of market manipulation or the end of the bull market? Let's quickly follow Little Fatty to unveil the main players' secrets with a chart!

I. Truth Behind Price Crash: Giant whales dumping + retail investors cutting losses

- Real-time price: $2389 (directly broke yesterday's support level of $2420)

- On-chain scoop: A certain mysterious address directly dumped 6,384 ETH at an average price of $2435, cashing out $4.26 million and fleeing!

- Retail investors' grim situation: 60% of holders are still in profit (previously surged about 51%!); costs concentrated at $2460-$2665, could sell off collectively at any time!

II. Key Level Defense Battle: $2388 becomes the lifeline

Short Attack Route:

- Short-term defense line: $2388 (tested multiple times today, if broken, it will head straight to $2300)

- Ultimate defense line: $2233 (if broken, it may trigger a stampede, institutions will panic)

Bull Counterattack Plan:

- First resistance for rebound: $2420 (original support, now becomes the ceiling)

- Recapturing lost ground: $2480 (Bollinger Band middle line + major player cost zone)

III. Technical Indicator Alerts: Bears have reached their limit

- RSI: 38 (oversold zone! Bears are exhausted)

- MACD: Green bars are still getting longer (but the speed is slowing down, bulls are secretly accumulating strength)

- Bollinger Bands: The opening is getting larger (prices are below the lower band, could be pulled back at any time)

IV. Insider Language: Institutions are secretly picking up cheap assets

- Binance ETH reserve: decreased from 4.2 million to 3.9 million (big players are stocking up)

- Institutional positions: Abraxas Capital just increased their holdings by $77 million (they are famous for bottom fishing)

- Contract data: Bulls faced $320 million in liquidations (now there might be a retaliatory rebound)

V. Operation Guide: Understand the signals before taking action

Bottom Buying Signal:

- Breakthrough at $2420 with volume (a significant rise with volume is a true rebound)

- RSI stabilizes at 45 (bulls start to exert strength)

- Target price: $2480 → $2589

Escape Signal:

- Breaking below $2388 (rebounds without volume, hurry to run)

- RSI dropped below 30 (bottomless pit mode activated)

- Target price: $2350 → $2300

Little Fatty's sharp review:

Right now it's like playing Russian roulette! If $2388 holds, there's still hope; if it breaks, prepare for a bloodbath. But institutions are secretly increasing positions while retail investors are cutting losses, this script is too familiar! Remember: don't catch falling knives; wait until it stabilizes at $2420 to enter, or if it breaks $2388 and rebounds weakly, go short. Lastly, a reminder: don't exceed 20% position, Bitcoin is at a high of $100,000; can Ethereum stand alone?

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