$ETH The ETH 4-hour market action is so exciting! In the technical analysis, the RSI trio has collectively broken through 70, and the overbought alarm is ringing like a fever hitting 40 degrees. Although the MACD is still bouncing around in the bullish area, the green bars have suddenly retreated, like a secretive stab in the back; the moving averages are still holding up but the shadow of a divergence is already swaying behind.

On-chain activity is even more lively, with whales frantically offloading at the 2800 level like a madman. The inflow to exchanges has surged by 300%, while retail investors are catching falling knives. The bulls and bears are directly clashing here.

As for the news, the Federal Reserve is still injecting money while cutting interest rates, and the Layer 2 trading volume has exploded due to the Cancun upgrade, but the good news has already been overstretched to its limit. Now ETH is like a party animal that has overindulged, still trying to hold on, but its heart rate is skyrocketing and about to explode. It could fall flat on its face at any moment!