$ETH Divergence Hidden Danger! Whales 89,000 ETH Ballast, Retail Investors Bottom Fishing or Jumping Off a Cliff?
Brothers, today ETH is all about the heartbeat! In the first 30 minutes of trading, the K-line plunged directly to $2784, about to break the $2738 barrier, but it turned around and crashed to $2627, a $100 fluctuation that made contract traders doubt their life choices. Now the price is stuck around $2700, with both bulls and bears waiting for a signal of change—will it be a violent breakout or a guillotine?
1. Latest News: Three Sets of Mysterious Data
1. Overnight Whale Movement: On-chain monitoring shows that a large holder transferred 89,000 ETH to Coinbase. This scale is clearly institutional-level operation. If today’s price can’t hold below $2700, it’s likely a precursor to a crash.
2. Layer2 Ecosystem Explodes: Vitalik tweeted early this morning that "ZK-Rollup will become the ultimate solution for Ethereum scaling," causing OP and STRK to surge 15%. ETH, as the underlying public chain, saw a short-term boost in sentiment.
3. ETF Hit Hard: The SEC suddenly announced a delay in the approval of the VanEck spot ETH ETF. As soon as the news broke, the coin price plummeted 3%. The policy's bearish outlook still looms like a sword over us.
2. Technical Analysis: Three Sets of Secret Data!
1. MACD: The golden cross is false; the divergence is real. The 30-minute DIF (15.12) crossed above the DEA (9.14), but the price at the 4-hour level reached a new high while the MACD bars flattened, a typical top divergence! This fishing golden cross, once the bars shorten, will see a pullback of at least down to 2600.
2. Trading Volume: Volume has shrunk to the extreme, with the main force drawing a warning. The current trading volume is only 78,000, compared to the 5-day average volume (225,000) and the 10-day average volume (158,000), a direct ankle cut.
3. Moving Average System: The death cross is pressing down, with $2700 becoming the lifeline for both bulls and bears. The volume MA5 (225,000) has crossed below MA10 (158,000), indicating declining willingness for capital entry.
4. The coin price is stuck between the 30-minute MA60 and MA120. It must stabilize above 2692 for a chance to touch 2738; dropping below 2588 heads straight for the strong support at 2450.
Remember: The more bizarre the market, the colder you need to be; don’t be the main force's cannon fodder! I am Chan Zhong Tan Zen, supported by a top-notch team, serving only those with vision and ambition!