An unsustainable support level is just a mass pit dug by the big player; the fake golden cross's rebound wave is all retail investors' demise!
Today's 1-hour chart of ETH vividly depicted a 'sick dragon stranded in a shallow pool'. Last night, BlackRock's spot ETF holdings just broke through 400,000 ETH, which should have boosted morale, but the market looks like it's been hit with acupuncture—2451.91 is the ghost gate, both bulls and bears have blunted their knives!
The main force's bottom card has been revealed: firmly defend 2451.91.
Look at that order book: a super large order of 32,000 USDT is pressing down at the buying price of 2451.91, ten times thicker than the small retail orders downstairs! This situation reminds me of last year's LUNA crash, when the big player also piled up 'paper walls' at critical points. But strangely: the order ratio is only +0.09%, the latest transaction price is sticking to 2451.91, it looks just like an ICU ECG— the main force is performing, retail investors should not get caught in the act!
The technical indicators are ringing the death knell.
'Negative golden cross without adjustment': MACD has a golden cross below the zero axis, resembling the strength of a patient experiencing a brief revival. Historical data shows: in the past three months, similar patterns have appeared six times, five times leading to a sharp drop after inducing buying, and the most severe once directly smashed through 10%!
The spruce tree presses down the watershed: three moving averages are twisted around 2470, this position is precisely the 'guillotine' from July 1 when there were three highs and retreats. Even more chilling is the 'exploding筹' signal—volume increases but prices stagnate, clearly showing that big accounts are pulling and running!
The news front hides deadly traps.
This morning, two major events sent chills down the backs of the bulls:
The German government transferred 23,000 ETH to the exchange.
A certain whale address deposited 50,000 ETH to Binance.
Selling pressure is like a sword hanging over the head, and the ETF benefit the bulls are counting on? BlackRock didn't add any new holdings today!
The Great Sage believes:
In this game, the big player has thrown down the 'bottom card' at 2451.91 to bet whether you dare to follow:
If it can hold, a weak rebound to 2470 is an escape opportunity;
If it breaks down, 2400 below is fundamentally weak, the abyss at 2345 awaits!
Remember the lesson of May 2023: ETH pretended to hold at 2480 for three days, but a needle went straight down to 2270!
Now, brothers who are fully invested and bottom-fishing, are you betting on the main force's real cash to protect the market? Or is it the exchange's order robots trading back and forth? Keep an eye on 2451.91 tonight—when the big player pulls the order, it will be a day of bloodbath!
Don't panic during the sharp drop, pay attention to the comments section: If it breaks 2400, I will release the 'escape route map'.$ETH #Solana质押型ETF
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