The ultimate prediction before the SEC hearing: ETH will either surge 40% to 3,000, or it will be 2,000 with corpses everywhere!
I just took a look at the 1-hour K, and ETH is now stuck at 2,561 dollars. Two steps up is the dreaded 2,578, and then up to 2,580 with a 7-day line pressing down (MA7=2,568). If the main force dares to pull hard, the shorts will immediately knock on the door: "Are you worthy of this price?
The bottom volume column looks sleepy: the estimated volume is 10.42 million dollars vs. the actual volume is 17.17 million dollars (compared with the MA5 daily average volume of 130 million dollars, not even a fraction). This is like "the shouting is loud, and the wallet is quiet" - without real money to support the market, the rebound is all paper tigers!
Warning of giant whales running away: on-chain monitoring shows It shows that a mysterious address recharged 20,000 ETH to Binance 2 hours ago. In conjunction with the reduction of 128,000 ETH in Grayscale's holdings last night, these big sharks are clearly trying to stealthily dismantle the stage!
ETF procrastination tactics: BlackRock submitted a revised S-1 document this morning, but the SEC sent it back for revision. Don't expect it to land before the hearing on the 9th - it's all sickle before the good news lands!
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