$ETH ETH Major Players Are Escaping, Brothers, Run!
Brothers, this ETH trend is giving me chills! The price is stuck in the lifeline zone of 2514-2564, but the pressure above at 2604-2614 is weighing down like a mountain, it's like dancing on the edge of a knife.
The market is incredibly quiet, with trading volume shrinking to less than 30% of usual, this is not a buildup for a breakthrough, it's clearly the collective collapse of the soldiers!
Look at this moving average system, the EMA24 and EMA52 are both plunging down, like two knives hanging over our heads.
What's even more sinister is that the K-line has formed a top divergence structure, and the MACD is still declining below the zero line, these two signals together clearly indicate that the bears are sharpening their knives. Although the RSI has formed a double bottom pattern trying to struggle, it’s as weak as if it hasn’t had enough to eat, the rebound is soft and floppy.
I checked the on-chain data and found that there are quite a few large holders piled up near 2510.
If this position cannot hold, the gap at 2400 below will be smashed in an instant. If you ask me, this market is like dancing on a minefield — the major players have buried a massive amount of selling pressure above 2600, anyone who dares to charge will get their head blown off.
Are you trapped? When to buy the dip? It’s still the same saying, feeling lost and helpless not knowing what to do, click on the profile picture to comment. I need fans, you need references.
