7% evaporated in 1 hour! A sneeze in the US stock market crashes ETH by $200, with 450,000 tokens firmly defending 2360

Last night's plunge in ETH was truly breathtaking. It had just touched $2550, and before it could settle, it ‘whooshed’ down to $2363, nearly $200 evaporated in the blink of an eye, losing 7% in one hour, more thrilling than a roller coaster. The market felt soulless, those who should have exited early cut their losses, leaving the rest holding their breath—this kind of deadly silence is often the most dangerous.

The crash had been foreshadowed. In the past three days, ETH attempted to breach $2550 three times only to fall back, like an exhausted climber unable to make the final step. Even worse, when prices were artificially inflated, technical indicators were slipping down, akin to hitting the gas pedal while the car slows down; a breakdown was just a matter of time. When the crucial support at $2500 cracked with a ‘snap,’ stop-loss orders triggered a cascade, and retail investors panicked and jumped ship.

The fatal blow came from the US stock market. Last night, when US retail data plummeted, the Dow Jones dropped 400 points with a ‘bang.’ The crypto market immediately reacted—those trading cryptocurrencies and stocks are the same batch of institutions. When they got scared, they dumped the riskiest ETH. On-chain evidence is clear: someone sold 5000 ETH in one go on Coinbase! The timing was spot on, as ETH broke $2500 just as the US stock market took a tumble.

Now it’s gasping for breath near $2360. This place feels like a temporary shelter: earlier this year, ETH lingered here for a whole month, building some market confidence. On-chain data reveals that 450,000 ETH are hoarded here, like the nest of big funds. They don’t want their home to be breached. Tonight, everything depends on the US stock market: if it regains momentum, ETH may bounce back here; if the stock market continues to decline, $2360 may be broken with volume... the next stop could be the abyss at $2300.

In times of market panic, bloody chips are scattered everywhere. Some see a dead end, while others see gold—tonight, will you dare to bend down and pick it up? #美国国债 #ETH走势分析

The market is surging with turmoil, walking alone is lonely; click the like button and follow me for daily spot potential layouts and bull market strategy layouts.