Sleepless night! The Federal Reserve's hawkish stance sends shockwaves, will 99575188565 follow the plunge of US stocks to hit 2380?

Extremely bearish on ETH's performance tonight, the risk of a sharp drop is extremely high!

1. Technical Collapse: MACD death cross + surge in green bars, bullish momentum disappears. Price has dropped from 2480 to 2440+, trapped in a narrow range. Breaking below 2430 will trigger a significant drop!

2. Whale Exodus: On-chain data shows a massive influx of ETH into exchanges for sale! At least three holders with over 100,000 ETH are leading the sell-off, making the 2400 support line weak.

3. Liquidation Bomb: Defi collateral positions are in jeopardy! Over $500 million in ETH positions are nearing the 2420 liquidation price, and once reached, will trigger a chain reaction of liquidations.

4. US Stocks Dragging Down: The Federal Reserve's hawkish stance scares US stocks into a dive. ETH is strongly correlated with tech stocks and cannot stand alone! The plunge of global risk assets is immense pressure.

Predictions from Sheng Ge:

Low Probability Hope: A miracle holds above 2430, which could allow a rebound to 2460-70.

High Probability Risk: Breaking below the 2430 support, heading straight for 2414, and even hitting 2380!

Urgent Reminder: The current short sentiment is extremely heavy, this is not a normal correction, beware of large-scale long liquidations! The storm is massive, extremely cautious!

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