May 29, 2025 Morning News: Whales dumping + Macro Wait-and-See.

On-chain selling pressure intensifies: Monitoring shows recent large sell-offs by ETH whales (single transaction over 15,000), some chip costs are in the 2300-2500 USD range, if the price falls back, it may trigger concentrated selling.

Macroeconomic Uncertainty: The Federal Reserve's interest rate cut expectations fluctuate, institutional funds' risk aversion sentiment rises, and the overall liquidity of the crypto market is under pressure.

Potential Positive: If ETH breaks above the Gaussian channel midline (2800 USD), historical data shows it may ignite an altcoin season, with a target of 4100 USD.

Technical Aspect: 2770 becomes a battleground for bulls and bears, volume is the key.

Key Resistance: 2770-2780 area has an accumulation of massive sell orders, forming a selling pressure wall, requiring huge capital to break through.

Indicators are Bearish:

MACD Death Cross: DIF crosses below DEA, green bars shrink, bearish momentum dominates.

Bollinger Bands Contraction: The daily middle track moves down to 2850, price closely adheres to the lower track, and the downtrend channel remains unchanged.

Volume Risk: Trading volume continues to shrink during rebounds, low-volume rises are easily aborted.

Operation Summary: Guard critical positions, wait for the gunshot in the direction!

Short Position Strategy: Bearish below 2770, stop-loss at 2800, target 2540 (second support) → 2480 (daily EMA15).

Long Position Opportunity: If it breaks above 2770 with volume, and retraces without breaking, a light position can be taken to chase long, target 2850; if it stabilizes at 2540-2480, it can be bought in batches (stop-loss at 2420).

Core Discipline: If it breaks below 2600, shift to full bearish position; do not aggressively chase up before stabilizing above 2770!

Whale selling pressure has not stopped, 2770 may be the last battle for bulls and bears! Pay attention to on-chain movements tonight, can there be a counterattack? Like and follow for the next reveal of the breakthrough code!$ETH #以太坊走势

Big G Reminder: Current volatility is soaring, positions should not exceed 10%, strict stop-loss! If you want to delve deep into the crypto space but can't find a clue, want to quickly get in and understand the information gap, click on my profile to follow me for first-hand information and in-depth analysis!