ETH Plunges! The 1-Hour K-line Hides a Life-and-Death Situation, a Showdown Between Bulls and Bears is Imminent!
Dear cryptocurrency comrades! Just now, the 1-Hour K-line chart of ETH exploded with a thunderclap, a large bearish candlestick directly pierced the middle band of the Bollinger Bands, and the DIF line in the MACD indicator sharply crossed below the DEA, with green bars spreading like poisonous vines! The bulls' position is crumbling!
Technical Analysis: Bollinger Bands Open Warning, MACD Death Cross Strangling
Looking at the Bollinger Bands (BOLL), ETH previously soared to 4334.57, crazily touching the upper band before suddenly plummeting! Now the price has fallen below the middle band (4236.83); once the support of the middle band fails, the lower band at 4156.71 will become the main battlefield of the bulls and bears!
Looking at the MACD, the DIF (53.10) and DEA (61.26) form a death cross, with MACD bars flipping from red to green — this is a signal of bearish momentum explosion, and short-term downward momentum is rapidly accumulating!
On-chain + News: Whales Dumping, Macro Storm Pressing Down
On-chain data doesn't lie: whales are frantically dumping near 4300, while retail investors are still chasing high prices, completely unbalancing the chip structure!
What's worse, the expectation of a Federal Reserve interest rate cut has suddenly been delayed, the US dollar index is strengthening, and global risk assets are collectively under pressure; how can the cryptocurrency market remain unscathed?
Although the Cancun upgrade of ETH has long-term benefits, the short-term selling pressure is overwhelming; who can withstand this wave of bloodshed?
Trend Prediction: A Watershed Moment, Opportunities Hidden in Crisis!
In the short term, ETH is likely to test the support of the lower Bollinger band at 4156 — if it holds here, it will be the starting point for a counterattack; if it fails, the 4000 level will face a storm of blood and wind!
But remember: a crash is never the end, but the clarion call for smart money to buy the dip! In the medium term, the technical dividend of the Cancun upgrade is still fermenting; after the adjustment is in place, ETH is very likely to stage a 'violent rebound' and set new highs!
Final Warning: Keep up with the rhythm, don’t be a waiting lamb!
The current ETH is like a dice hanging on the edge of a knife; to the left is the abyss, to the right is paradise! But you don't need to panic! Click to follow me, and I will use real-time on-chain data + precise technical analysis to capture reversal signals in advance
