ETH Major Retreat! 2740 Becomes the Lifeline
1. Major Player "Fishing Law Enforcement" Solid Evidence
Inducing Longs: Institutions pushed the price to 2880 to trigger a short squeeze of 120 million, attracting retail investors to chase the rise.
Massacre: Three failed attempts to break 2870, a giant whale moved 50,000 ETH, causing the price to plummet from 2800 to 2740, with 380 million liquidated within 24 hours.
2. Crash Signals
Triple Top Formation: Three failed highs at 2870, daily MACD death cross.
Support Failure: 2800 support was broken instantly, and the breach of 2766 triggered panic selling.
3. Operational Strategy
Short Term: If it breaks 2740, look for 2680; if the rebound cannot surpass 2766, it's time to escape.
Medium Term: Weekly close below 2700 confirms the downtrend, with less than 10% probability of breaking 2880.
4. Retail Investor Lifeline
Stop Loss on Breakout: If 2740 is lost, cut positions immediately.
Short on Rebound: Short at 2780 resistance, target 2680.
Reduce Leverage: CPI before volatility may exceed 10%, avoid liquidation.
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