ETH aims for 2399 tonight, the liquidation tsunami is about to explode!
1. Technical naked strangulation: the bulls have no safety to hold on to
1. Death cross confirms defeat
MA7 (2635.58) breaks through MA30 (2573.17) (the original text mistakenly marked the MA30 value, it is actually 2573.17 not 2496), officially forming the most dangerous technical signal! The current price of 2510.59 is suffocated by the double moving averages, with three attempts to rebound to 2635 all failing.
Bollinger Bands' noose tightens: Upper band 2782.64 → Lower band 2399.51, the price is closely rubbing against the lower band — breaking below 2399 will trigger a 15% avalanche (target 2150)!
2. MACD slaughter accelerator
DIF (-65.63) and DEA (-78.17) dive deep into negative territory (the original text misjudged the green bars shortening, it has actually been expanding for 11 hours), MACD bar (-25.07) shows no signs of turning, bearish momentum reaches a three-month peak!
Death volume contraction: Trading volume shrinks to 44.67 million (down 62% year-on-year), the market votes with its feet: the bears are dumping with no one to take over!
3. The order book clearly hunts the bulls
The order book shows 225,000 ETH sell orders (about 560 million USD), concentrated in the 2550-2580 range, while buy orders are as thin as a cicada's wing — rebound? A pipe dream!
2. News three blades
Middle East nuclear explosion escalation: Israel bombs Iran's Abbas Port, crude oil surges 7%, BTC leads the bloodbath, pulling ETH down
ETF death sentence postponed: SEC delays the vote on the Ethereum spot ETF to July 17, Grayscale ETHE premium rate plummets to -13.4%
On-chain capital fleeing:
DeFi locked position sees a daily net outflow of 5.2 billion USD
Whales sell 92,000 ETH within 5 minutes (about 230 million USD)
Gas fees drop to 3 gwei (on-chain nearing brain death)
3. Conclusion of deduction: probability of breaking below 2399 exceeds 80%!
Bearish ironclad evidence:
Moving average death cross resonance + BOLL lower band under pressure = trend slaughter
Worsening situation + regulatory knife = sentiment completely collapses
Zero on-chain support = precursor to free fall
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