Trump's Tariff Nuclear Bomb Blows Up ETH Pit? The Plunge Is the Dealer Treating the Whole Village to 'Waterfall Noodles'!
This morning, ETH suddenly plummeted from $3083 to $2951, causing panic in the market. However, I believe this sharp decline is a tactic used by the dealers to shake out the weak hands using news. Below, we will analyze the truth from the perspectives of news, technical analysis, and operational strategies.
1. News: Trump's Tariff Nuclear Bomb Ignites Market Panic
Trump turned the table:
Threatened Russia: 'If Russia and Ukraine do not reach an agreement within 50 days, a 100% tariff + secondary sanctions will be imposed,' which is like dropping a nuclear bomb on global trade.
At the same time, he threatened to sanction 'countries buying Russian oil,' triggering Brazil's countermeasures and the EU imposing tariffs on $72 billion worth of American goods, making global trade a powder keg ready to explode.
Market reaction:
Large funds are increasingly risk-averse, leading to a collective decline in risk assets. Due to its high volatility, ETH was the first to be treated as a 'cash machine.'
2. Technical Analysis: 1-Hour K-Line Exposes Dealer's 'Painting the Door' Tactic
Decapitation Signal:
The $3083 peak saw a massive drop, with a large bearish candle penetrating the Fibonacci key support level, leaving bulls without resistance.
Confirmation of Bearish Arrangement:
The middle band of the Bollinger Bands is turning down, with moving averages crossing, forming a death triangle.
Volume Mystery:
During the plunge, trading volume surged, but the rebound lacked volume—indicating panic selling and bottom-fishing funds are still on the sidelines.
Key Support Levels:
Strong Support: $2941
Hell Mode: $2902.
3. Short-Term Operations
Dealer's Shaking Out Tactic:
The price hovers around $2950, forcing retail investors to sell at a loss.
Operation: Holding above $2941 could be a chance for a rebound, targeting $2980-$2992; decisively stop loss if it drops below $2900.
Rebound After News Digestion:
If the trade war eases, ETH will fill the gap. On-chain data shows no strong resistance before $3100, and once it breaks through, it may quickly surge.
4. Medium-Term Outlook: The Plunge Is a Smoke Screen, Targeting $3700
Fundamental Support:
The US Ethereum spot ETF saw a net inflow of $900 million this week, and the trend of institutional accumulation remains unchanged.
Technical Analysis Shows 'Bullish Flag Pattern'; if it breaks through the $3100 resistance, the target points to $3700-$4000.
Risk Warning:
Tonight, the US will release the June CPI data. If inflation exceeds expectations, it may strengthen the Fed's rate hike expectations, temporarily suppressing ETH.
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