“Bull markets have sharp drops; bear markets have spike downs — today’s ETH gave everyone a lesson with a large bearish candlestick!”
Market overview: What happened from 2240 to 2111?
At 4:18 AM this morning, the ETH/USDT perpetual contract suddenly flash-crashed to $2111, with a drop of over 5%, and then rebounded to fluctuate around $2240. This 'decapitation' candlestick directly pierced through the lower Bollinger Band at 2152 and the Fibonacci 100% support level at 2111. The MACD dead cross below zero expanded, a typical 'panic selling' pattern.
Key data review:
Liquidation amount: $120 million liquidated across the network in 1 hour, with bulls accounting for 83%
Funding rate: -0.001%, bears in control
On-chain anomalies: One whale recharged 35,000 ETH to Binance one hour before the crash.
Three major culprits for the crash: Full analysis of the news
Grayscale ETHE trust 'unlock bomb'
At exactly 4 AM, Grayscale ETHE trust unlocked ETH worth $320 million; holders sold for arbitrage, coinciding perfectly with the crash timing.Perfectly coincided.SEC raids Uniswap
At 4:12 AM, CoinTelegraph broke the news: SEC requested Uniswap to submit ETH staking business documents, and the market worried ETH would be classified as a security (though it was clarified an hour later, but the panic had already fermented).V God Address Incident
Twitter KOL @CryptoShark exposed that “V God related address transferred out 120,000 ETH”, which was later confirmed to be a staking service provider's address, butthe rumors accelerated the sell-off, the classic “FUD trilogy”: Rumor → Plunge → Refutation → Rebound.
Technical life-and-death line: Key position in the long-short battle
Bull defense line: 2111 has become the 'last fig leaf'; if it can’t be reclaimed in three days, it may drop to the psychological level of $2000.
Bear stronghold: Large sell orders piled up at 2275 and 2404; a breakout needs to increase trading volume to over $5 billion per day.
MACD secret: Current DIF and DEA difference is -11.69; if the histogram turns positive and forms a golden cross, it may trigger a rebound from oversold conditions.
Refer to the case of Bitcoin rebounding from 68500 to 71800 in June.
Anna's view: Buy the dip or flee?
“A crash is not scary; what’s scary is you don’t know why it’s crashing!”
Short-term players: Don’t chase long positions below 2275, wait for the second test result at 2111; if it breaks, go short with a stop loss at 2150.
Long-term holders: Ethereum ecosystem TVL remains firmly in second place, expectations for Cancun upgrade unchanged, build positions gradually in the 2100-2000 range.
Anna's blood and tears experience: In September 2023, ETH plummeted to 1530 due to SEC investigations, then rose to 2700 in three months. 'News-driven selling' is often an opportunity.
“Remember: A crash in a bull market is just giving you money!”
Click to follow Anna; detailed explanation tonight at 8 PM in the fan group:$ETH #以色列伊朗冲突
Opportunities to make money are always there; it depends on whether you can seize this opportunity. However, the prerequisite is to learn to identify the principles of technical analysis and news as the basis for building positions. If you don't know how to discern, you can follow Anna's homepage, where she will teach you step by step in the introduction.