When the 3600 USD defense line collapses amidst explosive volume, the sound of liquidations in the short positions echoes like the wails of a leveraged meat grinder—this morning ETH violently surged by 5% to reach a six-month high, with over 300 million USD in short positions evaporating instantly; this is a precise demolition by the bulls against stubborn resistors!
The battering ram breaks through the last defense line
Tactical significance of the fall to 3600
In the early session, ETH broke through a key city gate with a massive hourly trading volume. On-chain tracking shows that whales have been continuously buying tens of thousands in the 3600-3620 range, and the derivatives market has simultaneously set the largest single-day liquidation record of the year. At this moment, technicians are closely watching the 3700 neckline, as the MACD green bars are expanding like a rocket fueling up, but the RSI’s ventilation in the 1-hour timeframe suggests that chasing high funds are accumulating profit-taking orders in the 3650 area, so short-term caution is needed for position loosening.
Strategic value of the 3700 high ground
Historical data indicates that a significant breakout above 3700 will open up upward space towards 4000. If there is a peak followed by a retreat, 3520 will become the bullish moat. Currently, the extreme divergence in the StochRSI dual lines penetrating the oversold area often signals a violent rebound after a sharp drop; holding onto positions during the washout phase is the best strategy.
Three engines of the altcoin tsunami
Collapse of Bitcoin hegemony
BTC's dominance rate has plummeted to 62.2%, a 4-month low, with funds surging towards altcoins. After the ETH/BTC exchange rate broke through the critical point of 0.0317, the average increase for leading coins in this round has reached 137%, and the capital rotation has already begun.
Institutional ammunition continues to be loaded
Institutions like BlackRock's Ethereum ETF have attracted 730 million USD in a single month, with 24 million USD entering daily. The entry of pension accounts signifies the opening of the floodgates for compliant funds, which are certainly not short-term speculators.
Supply of nuclear fission effect
Exchange ETH reserves have fallen to an 8-year low, with sell orders depleted and buy orders surging, creating a supply-demand gap. On-chain data shows that whales are accelerating the transfer of assets to cold wallets, and circulation tightening has become a foregone conclusion.
Dark night army operation guide
Lightning raid: Break through 3625 to chase the trend, aiming directly at the 3700-3800 resistance zone
Ambush tactic: Pull back to the 3520 zone to seize the opportunity; this is the golden pit for the first pullback after the MACD golden cross.
Last defense line: 3480 is the trend life-and-death line; a break must stop-loss and withdraw.
Converging core insights: The Federal Reserve's speech at 22:00 is the only variable tonight, but whales have built strong support in the 3600 cost zone. Historical patterns show that when BTC.D breaks out alongside exchange reserves depleting, the power of the altcoin season tsunami is often beyond imagination—at this moment, any pullback is a good opportunity to reload.
Tonight's ultimate suspense: When American traders leave, will Asian players launch a night raid? Are those MEME coins that surged 20% in the last two hours opportunities or traps? True value targets are often hidden in the abnormal movements of whale wallets on the blockchain...
Soul-searching question: When RSI and StochRSI show extreme divergence, do you choose fear or greed?
Market dynamics, focus on convergence! The convergence team now only requires ambitious players, with limited spots available, first come, first served!
After all, the market is not lacking in meteors, but in hunters who can traverse bull and bear markets.
If you don’t pay attention now, next time you might accidentally get trapped and it’ll be game over!!!
