Brothers, I am Brother Qiu. Today's ETH 'plunge' on an hourly level makes the heart race! It dropped directly from around 2283 to 2108, a decline of over 7%. I don't believe there isn't some 'monster' behind this. Let's analyze it together with the technical aspects and the recently emerged strong news.
The culprit of the crash: Technical breakdown + Middle East 'explosion'
Triple technical breakdown:
Key level lost: 2283 strong pressure was not broken, and the market was slammed down.
Support as fragile as paper: Important support levels like 2246 and 2216 have all been breached, with no resistance.
Heavy selling pressure: Main force orders show a negative commission rate, selling pressure is pushing prices down, and rebounds are weak (looking at the orders and transaction prices).
News explosion:
Trump speaks harshly: Just tweeted questioning the Iranian regime, hinting at 'regime change' (MIGA!), with a strong smell of gunpowder.
Middle East powder keg is smoking: Combined with the recent tensions between Iran and Israel (mutual embassy bombings, constant threats), Trump's remarks are like adding fuel to the fire! The market fears war, and funds are likely to flee in panic.
Brother Qiu says plainly: The technicals were already on the edge of a cliff, and Trump's 'big mouth' directly lit the fuse on this Middle Eastern powder keg! Two heavy punches, and a collapse is reasonable. The news is the main driving force!
What to expect in the future? One word: Suspense!
Short-term (key): The Middle East situation dominates sentiment! As long as Iran and Israel (or the US) continue to make harsh statements/move, panic will be hard to dissipate, and the risk of further decline is extremely high. 2108 held up today, there may be a small rebound, but don’t think it’s a reversal! The upper resistance at 2216 is now strong.
Catching the bottom? Take it easy! Unclear situation + technical breakdown, blindly catching the bottom can easily get buried. If you really want to act, either wait for a signal of easing in the Middle East, or wait for a clear stabilization signal around 2100.
A shot in the Middle East, ETH shakes three times! Is 2108 the bottom or halfway down the slope? Will Iran and Israel really go to war? With a close eye on the battle situation and the market, Brother Qiu will share the critical line at the first moment! Where do you think this drop can go?
#以色列伊朗冲突
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