ETH plummets 8%! The critical level of 2227 has been breached. Did you get liquidated by that spike last night?
ETH had a shocking spike last night! The perpetual contract price instantly broke through the 2240 support, dropping to a low of 2226, with liquidation volume surging by 74K!
Now the critical question arises— is this a bottom-fishing opportunity or a continuation of the downtrend?
Current technical analysis:
Moving averages under pressure: MA5/10/30 all showing a death cross (2262-2269)
Volume anomaly: Trading volume surged to 74K during the crash, double the usual
Marked price 2246: 18 USD higher than the current price, indicating bears are still in control
Three key takeaways from last night's spike:
Precise targeting by the main force: set a long trap at the critical level of 2240
Leverage washout: liquidation of high-leverage contracts within 15 minutes
Trend unchanged: all short-term candlesticks remain below all moving averages
Key levels to watch closely:
Life-and-death line 2200: falling below will accelerate the descent to 2150
Reversal signal 2280: must break through here to lift the alert
Warning:
Do not blindly catch falling knives; intraday volatility may exceed 5%, high leverage will lead to losses
Today's strategy:
Observe the 2200-2240 range; a breakout on either side will trigger a trending market
I am a knight, and for friends who are confused and losing in trading right now, trust me, and eat big meat!!!
