ETH 2400 life-and-death battle! Whale frantically dumps $800 million VS foundation's covert operations, is there a golden pit emerging at the lower Bollinger Band?
Technical analysis in simple terms: It's dropped to the underwear, but there's a hidden opportunity!
The Bollinger Bands are getting squished:
Currently, ETH is hovering around the lower Bollinger Band, with the middle band pressing down at 2480 like a mountain. Although the MACD green bars are still showing, the drop is clearly losing momentum—like a person running out of breath, a moment's pause might just turn back!
Key support at 2400: If it breaks, it's a direct slide to 2350 - 2300, but if it can stop on a dime, the first resistance to tackle is 2450, and if it breaks through, it can aim for the upper band at 2524!
Liquidation minefield:
The words 'overexposed' on the chart are not just for show! There's a dense pile of leveraged long positions between 2400-2430, and once it breaks through, a chain reaction of liquidations will explode like firecrackers piercing through the floor!
Magical news drama: Whale VS Foundation, gods are fighting!
Negative news: ICO giant is offloading again!
The ancient whale that cost $0.3 still holds 24,000 ETH and dumped another 1,000 an hour ago! Over the past year, he sold 350,000 ETH worth $890 million, specifically targeting sell-offs above $2,500, clearly suppressing the price to prevent it from rising!
Good news: The foundation is secretly accumulating!
The Ethereum Foundation deposits 1,000 ETH daily into a secret wallet, accumulating 13,000 ETH worth $32 million; this action is essentially telling the market: 'I think it's cheap, slowly accumulating!'
Whale dumping is an open attack, foundation buying is a covert strike—retail investors shouldn't be scared, big institutions are playing 'high sell low buy'!
Future scenarios: Two paths, gamble with life or luck?
Ghost story version: Break below 2400, blood flows like a river.
If the whale continues to dump + leveraged long positions get liquidated, if we can't hold 2400, look directly at 2350→2300, hurry and run away without looking back!
Mythical version: Defending 2400, soaring into the sky
If the foundation hardens its support, coupled with the MACD green bars shrinking and bears exhausting, the rebound route will go like this:
Recovering 2450 in 3 days: Bears surrender, short-term bulls rally;
Weekly line hit 2524: Eliminate whale selling pressure, igniting bullish sentiment;
End of month sneak attack at 2600: ETF expectations + Cancun upgrade hype, take off!
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