When the Bollinger Bands shrink into a line, it's either getting rich quickly or going bankrupt — the battle between bulls and bears is tonight!

News: Institutions are secretly buying the dip

  1. Big players entering: BlackRock suddenly bought $750 million worth of ETH in June, on-chain data shows institutions are positioning themselves for the long term, intending to bet on Ethereum's status as a 'digital economic infrastructure'.

  2. Upgrade expectations: The Pectra upgrade in Q1 2025 will allow gas fees to be paid with other tokens, and staking beyond ETH will also earn rewards, beneficial in the long term but difficult for short-term needs.

  3. Regulatory support: The U.S. stablecoin bill will be implemented, with Ethereum as the core settlement layer, potentially attracting traditional financial giants.

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Technical Analysis: Triangle convergence, a matter of life and death

  1. Bollinger Bands: The bandwidth on the 4-hour chart is sharply narrowing, with prices oscillating near the lower band, indicating a potential trend reversal within 24 hours! A drop below 2380 may trigger a waterfall decline.

  2. MACD trap: Appearing as a 'golden cross under water', but in reality, the momentum is weak, and historically similar patterns have triggered a 10% drop in a single day.

$ETH

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