Crypto Market Emergency Alert! After ETH broke 3174, will tomorrow be paradise or a crash? Family! This surge in ETH today left me dumbfounded, skyrocketing from 2902 to 3174, the 1-hour candlestick is almost vertical! Now the screen is filled with cries of 'It's going crazy', but I want to pour a bucket of cold water: Is this wave of market action the 'last train to catch', or the 'graveyard for buyers'? After reading this, you'll understand in seconds! Technical Analysis: Bulls are going crazy, but there's a deadly signal!
Looking at the 1-hour chart: the upper Bollinger Band was hit at 3194, the lower band is still at 2983, the opening is frighteningly wide, the short-term trend is strong with no friends, but once it narrows, it's a warning of a crash! All moving averages are in a 'bullish arrangement', EMA7 and MA7 are firmly supporting the price, 3130 is the current lifeline: holding above means continuing to push towards 3200, breaking below directly drops to 3050! On-chain data: major players have secretly done something big!
Don't just look at the candlestick chart, on-chain is the real truth: exchanges have a net outflow of 20,000 ETH in 24 hours! Large funds withdrawing coins = bullish in the long run, this is solid evidence that institutions are 'scooping up'! Large transfers surged by 300%, active addresses hit a 7-day high, while retail investors are still confused, major players have quietly taken control!
ETH is now 'fully buffed': Layer2 is collectively exploding, Arbitrum trading volume hits a record high, and ETH demand as fuel is exploding! The merge upgrade testnet data exceeded expectations, energy consumption dropped by 99.95%, institutions are going crazy! The Fed's interest rate hikes are cooling down, the US stock market is soaring, dragging the crypto market up, this wave of market action simply can't stop! My iron law judgment: short-term push to 3200, medium-term aiming for 4000! Listen carefully: this wave is not a rebound, it's the main upward trend!
Short-term stabilization at 3130, easily reaching 3200, even touching 3300! Medium-term merge + Layer2 + macro easing, 4000 is just the starting point!
But remember: a sudden drop in trading volume and a turn in the moving averages is a profit-taking signal, don't be greedy! Last sentence: follow the right people, reap the big rewards! The crypto market is deep, it's too hard for retail investors to make money! Follow me and leave a comment to get on board! If you miss this wave, you will really regret it and slap your thigh, click to follow now, the next one to double will be you!
