ETH is performing a high-altitude tightrope walk, and the sparks from the collision of long and short positions have splashed at our feet! $ETH
Brothers, look at this frustrating 1-hour K-line—price is stuck at $2,548.01, unable to move, with three moving averages (yellow/purple/white lines) pressing down like three golden hoops. The MACD, this barometer, is even more distressing: The DIF white line and DEA yellow line are both underwater, with a DAE value of -27.30 pointing to weakness, and MACD bar at -39.44 (negative green bar = a breather in the downtrend), with a委比 of -0.57% clearly showing that the bears have stronger sell orders! Does this movement seem familiar? It’s a complete replica of last October's 15% decline after the death cross!
But don't rush to shout collapse! Today's news is adding drama to the script:
Grayscale suddenly withdrew its application for the Ethereum futures ETF (sudden news at 9 AM): Institutional short-term confidence is shaken, but those with insight understand—this is a high-stakes gamble for the ultimate showdown of the July spot ETF. A similar tactic was used before the approval of the Bitcoin ETF; the German government’s transfer of 1,300 BTC triggered on-chain panic: The expectation of large sell-offs is spreading to the ETH market, and DefiLlama shows that the liquidation line is approaching 2,400; BlackRock’s wallet address added 7,826 ETH: Smart money is taking advantage of panic to accumulate, and the ETH/USDC pool on Uniswap has increased in depth by 28%, proving that whales have placed buy orders below 2,500.
My view is straightforward: Today is not a brainless bottom-fishing day, but the golden time for hunting volatility! Combined with the latest price of $2,548.01 and the weak signal of MACD -39.44:
If it breaks below 2,500 with volume, go short to see 2,480, but place a reverse buy order at 2,450; looking for a reversal? Focus on the narrowing MACD green bars + standing above the 2,560 moving average envelope, which must be accompanied by a sharp rise in Gas fees, otherwise, it's off the table!
Finally, the tycoon throws you a soul-searching question: When Grayscale's 'withdrawal' covers the showdown for spot ETFs, and when the state sell-off meets the giants bottom-fishing—should we just be bystanders? Or should we dive into the deep sea following the whale's tail fin?
The German sell-off of BTC triggered on-chain bloodbath, but BlackRock secretly devoured ETH! Tonight, I’ll teach you how to anticipate with whale buy signals—here's the secret to cutting a 37% profit in a crash!