$ETH Exchange inventory surges by 18%! Stablecoins evaporate collectively?
Remember! When MA5 presses down on the K-line, a rebound is a signal to escape!
1. Technical aspects - Three-pronged approach!
1. Price aspect: From $3826 crashing to $3680, support levels have turned to dust; that early morning rebound had a volume of only 470,000 ETH, a classic dog trader's trap.
2. MACD aspect: DIF dead cross DEA, a high position cross equals a guillotine, MACD bars remain stubborn! Red price waterfall but pretending nothing's wrong? This is a top divergence trap, waterfall continuation warning!
3. Trading volume aspect: Actual trading of 478,000 is less than the pending orders of 486,000, selling pressure is piling up.
4. Average volume line aspect: MA5 crosses below MA10, capital is fleeing in droves.
2. Latest on-chain developments!
1. An 8-year dormant ICO whale crazily dumps 25,000 ETH into Kraken.
2. Curve liquidation causes a chain explosion of $100 million in ETH, gas fees drop to 5 Gwei.
3. Exchange ETH inventory skyrockets by 18%, stablecoin inflows plummet by 35%, bottom-fishing funds missing.
Attention! Before the weekly MACD turns green, all rebounds are escape waves, wait for the ultimate signal to hold USDT.
I am Tang Seng, top technical support, only serving those with vision and ambition!