“When on-chain whales move, the K-line goes crazy — was this violent surge this morning a script for news traders cutting tech traders, or is it the horn of a bull market?”

News Assault:

Jump Trading On-Chain Actions Confirmed: After charging 28,000 ETH to Binance, the buying depth instantly thickened by 30% (CoinGlass data), but at 10:00 the trading volume was only 137,000, indicating insufficient follow-up orders;

ETF Expectation Cooling: The SEC's official website shows that VanEck's application is still 'under review', and some leveraged bulls have taken profit and exited.

Technical Resonance:

Bollinger Band Contraction Reversal:
At 8 AM, the Bollinger Band narrowed to the limit (upper band 3837↔lower band 3720), at 9 AM a bullish candle directly pierced the upper band, a typical 'opening breakthrough' pattern, with quantitative programs automatically chasing up, causing a chain reaction.

Bullish Moving Average Choking Bears:
The 5/10 hour moving averages had a strong golden cross at 3760 (MA5 steeply crossed MA10), with short cycle costs concentrated pushing up, bearish stop-loss orders were forced to close, instantly amplifying the increase.

MACD Performs 'Underwater Fly':
Although the MACD bar is still negative (-6.42), the DIF (5.35) has turned upward — this is a classic 'underwater golden cross prototype', often indicating the start of a unilateral market.

Tycoon's View: Beware of the 'news bull's short life' trap

Subsequent Core Contradiction:
If Jump's ETH is not used for ETF market making (such as converting for lending collateral), the logic of the surge will collapse. On-chain monitoring shows that its associated addresses are borrowing 30,000 ETH from Aave, this move seems more like a hedge than a pull.

Tycoon Trend Analysis:

Short-term: 3820 is still the 'iron top' (July 19th trapped area + Bollinger upper band), if the volume continues to shrink, it may pull back to 3720.79;

Reversal Node: Observe whether the MACD forms a 'submarine golden cross' (currently the DIF slope is weak), if the DEA (8.56) turns down, or accelerates the pullback.

“When whales pull the market with their left hand, their right hand often holds a sickle — tonight focuses on the flow of 30,000 borrowed ETH from Jump”

Still fighting for Alpha alone? The efficiency is too low! Quickly join the Tycoon team, connecting top resources and information gaps, only gathering real OGs who dare to act and understand cycles!#ETH #ETH走势分析