Dancing on the Edge of the ETH Cliff! $2500 Becomes the "Heaven and Hell Boundary", Major Players May Flip the Table Tonight
Market Situation: Moving Averages Locking Down, Volume Decrease Exposes Weaknesses!
Price Shrinking at 2547: Currently, ETH is stuck at 2547.58, pressed down by the 7-day and 30-day moving averages—two "High Pressure Lines".
Price below both moving averages indicates a Bear Market, suggesting that most participants are trapped, and any rebound is just an opportunity for them to escape!
Life Hanging on the 2500 Threshold: 50% Fibonacci Level and the round number 2500 Welded into a Solid Support! If this level breaks, technical stop-loss orders will pour down, with the Bearish target aimed straight at 2471 or even 2427! Bulls Want a Comeback? First, Hold the Breath at 2500!
Volumeless Rebound is Just a Trick: During the day, several small rebounds touched 2555 before softening. The key moment is the 19:00 one-hour candlestick, where the volume shrank to 92.5K, less than half of the 5-period average volume! Without real capital pushing up, it's all "playing tricks"; the major players are using the "fishing for bottoms, then smashing down" tactic!
2. Latest Updates: Dual Pressure from Regulation + Interest Rate Hikes
NASDAQ New High? ETH: I Don't Care! The live stream title is shouting about "NASDAQ’s New High, Hovering", but ETH remains unmoved. This cruel reality indicates that traditional market risk appetite is completely decoupled from the crypto space! Nowadays, trading cryptocurrencies only depends on its own script.
Regulatory Chill Not Yet Dissipated: Concrete Evidence of German Government’s On-Chain Bitcoin Transfer. While it may not directly crash the market, the shadow of "National Sell-Off" looms like the Sword of Damocles. The shadow of last year's Mentougou still lingers, as PTSD spreads, mainstream coins like ETH are hit hardest!
High Interest Rates Sucking Blood: The U.S. Core PCE Stays High at 4.0%, Making Fed Rate Cuts a Distant Dream! Persistently high interest rates are draining liquidity, as seen with ARK reducing its holdings in Coinbase stock. Institutions are retracting their lines for self-preservation; who will be the liberator of ETH?
On-Chain is as Cold as a Winter's Day: NFT Collapse, Low Gas Fees, Disastrous DeFi Returns… “Practical Applications? Let’s talk when the brothers break even!” Lacking new narratives and fresh capital, the ETH engine roars but remains stuck, leaving the seasoned traders anxious!
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