$ETH The full story behind the 110-point crash! Precise strike at 3850! Technical analysis + on-chain data tricks allow fans to profit, this wave of shorts directly achieves legendary status!

Last night, ETH hovered around 3840-3850, this position is the upper bound of the recent fluctuation range, the price has tested this level multiple times without stabilizing, indicating significant resistance above. Large whale addresses on-chain started transferring chips to exchanges, signaling that big players are cashing out at high levels!

The MACD divergence is apparent, RSI is overbought, I predict a short-term pullback, decisively leading fans to short near 3850, as this is a resistance level where the previous high and trend line overlap.

After entering, the price quickly fell below the first target of 3780, triggering profit-taking selling pressure. On-chain miners concentrated on withdrawals exacerbated the decline, the 4-hour death cross confirmed a weakening trend, and ultimately reached the second target of 3730 for profit-taking!

#山寨季來了？ Brother Li has long said, if you can't make money in a bull market, shouldn't you think about the reason? While you are still wondering how to break even, the fans who followed are already lying down enjoying the profits! #GENIUS稳定币法案