Is your house the Federal Reserve? Less than 12 hours
加密瓜瓜
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Giant whales are shopping, and the Federal Reserve countdown is at $ETH , standing on the knife's edge
At this moment, Ethereum is stuck at the crossroads of $2680, with less than 12 hours until the Federal Reserve's interest rate decision. Undercurrents are surging in the market, as a mysterious giant whale has devoured 12.6 billion RMB worth of chips within a week, while the $2650-$2750 range has buried a leverage bomb valued at $900 million. This battle between bulls and bears may determine the trend of the cryptocurrency circle for the next month.
The current price is precisely at the middle band of the Bollinger Bands ($2658), and it has been strongly pulled back after falling below this level 7 times in the past six months. The weekly support level of $2620 is like a fortress (only breached once this year). If it fails to hold, the $2550 level will become a bloodbath concentration camp.
The upper level of $2750 is known as the "bear's graveyard," where two assaults in March and May this year ended in failure. More dangerously, this price level has accumulated $900 million worth of short positions; once breached, the psychological barrier of $3000 will be exposed to bull fire.
In the past 7 days, the price volatility has narrowed to 3.2%, hitting a new low for the year. This calm before the storm often breeds single-day fluctuations of over 10%. MACD powder keg: the daily MACD has formed a textbook golden cross, with the fast line (DIF) breaking above the 0 axis. This technical formation has triggered intermediate rebounds 7 times in the past two years.
The ETH inventory on exchanges has fallen to a 4-year low, with circulation accounting for less than 10%. The "no coins to sell" crisis is approaching. Whale addresses holding over 10,000 coins have increased their holdings by 470,000 ETH (equivalent to 12.6 billion RMB) in just one week, marking the fastest accumulation rate in history.
The U.S. spot ETF has already swallowed 24% of circulating ETH, and BlackRock's IBIT fund has net bought for 19 consecutive days, averaging over 20,000 coins per day. The Hong Kong ETH ETF has launched a "hold coins for interest" feature, with an annualized arbitrage space of 5.2% attracting traditional financial funds.
ETH is currently standing at a historical crossroads, with the abyss below at $2620 and the stars and sea above at $3000.
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