Institutions are selling with one hand and buying with the other; ETH is like a gold brick being fought over by the big players—Grayscale just cut losses of 13.4 million, and BlackRock immediately sold 426 million to take over! Today's market is all about the adrenaline rush!

Latest market dynamics and analysis:

Institutional speculation: A tale of two extremes.
Grayscale sold 13.4 million worth of ETH again yesterday, and the ETHE fund also saw a net outflow of 10.9 million, but on the other hand, BlackRock's ETHA product crazily absorbed 426 million. What does this indicate? Institutions are rotating their positions! Grayscale might be taking profits, while giants like BlackRock are accumulating on dips. This kind of large capital hedging often means intensified short-term fluctuations, but the medium to long-term trend may not necessarily deteriorate.

Technical analysis: 3650 is the critical line for bulls and bears.

Resistance above (3760): The upper Bollinger band + 20-day moving average are suppressing it; the 3700-3760 area is the 'trap graveyard' from the end of July, where a large number of chips are waiting to be released.

Support below (3520): The 100-day moving average (3576) and the 200-day moving average (3360) form stair-step support, but if it falls below 3520, it may trigger programmed stop-losses, accelerating the decline.

MACD & RSI signals: MACD green bars are shortening, bearish momentum is weakening; however, RSI is at 43.73, still leaning bearish, and a rebound requires volume support.

Personal opinion: Right now, ETH is like a beach ball being pushed underwater—buoyancy and pressure are acting simultaneously, and it is highly likely to oscillate in the range of 3520-3760 in the short term, with the breakout direction depending on the subsequent actions of institutions.

On-chain data hides secrets.

Large purchases: Recently, 14 new wallets have accumulated purchases of 856,000 ETH, suspected to be institutional accumulation.

Liquidation risk: A large number of leveraged long liquidation orders have accumulated in the 3700-3760 range; once the price rises, it may trigger a 'short squeeze rebound.'

Today's operational strategy:

Short-term: High sell and low buy in the range of 3520-3650, stop loss below 3520, breakthrough at 3760 with volume can be lightly chased.

Mid-term: If it stabilizes above 3800, the target is 4000+; if it falls below 3500, look for support at 3350.


Brothers, remember this saying from Long Ge: When institutions are fighting, retail investors should either keep their distance or follow the strongest big brother! Want to lock in BlackRock's next buying point in advance?#ETH🔥🔥🔥🔥🔥🔥

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