Brothers, ETH is currently stuck at the death line of 2996 dollars, with a 3010 iron ceiling above (previous high 3028), the market has 180,000 sell orders forming a short wall! But early this morning, the U.S. abolished the DeFi brokerage rule, a policy bomb has arrived, and the bulls' siege hammer is in place! Let’s summarize today's battle situation in three minutes:

Three key elements of long-short competition

Live selling pressure

180,000 short orders piled up in the 2990-3010 range (about 540 million USD firepower)

To breach the level, the following must be met: single-hour trading > 1 billion USD (peak yesterday was 820 million) + continuous institutional buying (BlackRock's ETF saw a net inflow of 2.3 billion this week)

Policy interpretation
New DeFi KYC exemption regulations directly benefit ETH:
Uniswap saves millions in compliance costs annually
The return of American users boosts traffic (estimated +30%)

Historical evidence: Last year, XRP won the SEC case, and ETH surged 28% in a single day!

Warning of hidden risks
ETH Foundation sold 1210 coins early this morning (on-chain address 0x9d2...C35, average price 2889)
Whale placed a spot sell order at 2998 + opened a short hedge, playing spot liquidation arbitrage

Consolidation view: 2860 is the critical point

Watch the market! 2860 (38.2% retracement level) has become the moat for the bulls—today's three dips did not break it, on-chain shows:

Ambush 110 million USD buying orders at 2850-2870 (Jump Trading's order of 7000 ETH)

Breaking below 2860 will trigger 180 million in leveraged liquidations (Bybit concentrated liquidation area)

Comparing to April's crash: at that time, ETH fell from 3200 through 2860 to 2800. This time is different due to policies + institutional backing (BlackRock has bought for 8 consecutive days), stabilizing at 2860 will surely break 3010!


Position group, bottom-fishing party, right-side party Want to know your life and death line?


Is tonight's short selling pressure from the fund management institution going to pin the bulls down at the 3010 city wall? Or will institutional funds carry the policy banner to break through the city gate, igniting the bonfire of the seasonal counterfeit? Keep a close eye on the 2850 moat, watch for consolidation!! Heed my command—when the city is breached, rewards will be given based on merit!

#ETH大涨
#ETH突破3000
Currently, all news and technical indicators are bullish, building positions 'buying on dips'! If you don't know at what level to enter, then click my profile and follow for consolidation!! Watch me guide you step by step! Top-tier support from the consolidation team, only serving ambitious madmen!

$ETH