The Insider Behind ETH's Sudden Plunge Exposed! Should You Buy the Dip or Flee Today? Senior Analyst's Urgent Interpretation
Last night's plunge in ETH caught the market off guard! Let's break it down from the news and technical perspectives, and finally give some personal advice in plain language that you can understand!
1. News: Who is Dumping?
Last night's collapse was not accidental; two bombs detonated simultaneously:
Regulatory Rumblings: The U.S. SEC suddenly announced it would investigate DeFi protocols, and ETH, as the leader of smart contracts, was the first to bear the brunt, prompting large holders to flee overnight.
Whale Sell-Off: On-chain data shows that an anonymous address dumped 50,000 ETH all at once, directly breaking through the 4560 support level, triggering a chain reaction of stop-losses.
Conclusion: Negative news hit the market, causing sentiment to collapse instantly!
2. Technical Analysis: Charts Don’t Lie
Looking at the 1-hour candlestick chart, several key signals:
Resistance Level Fails: The key yellow level wasn't even touched, and was directly pressed down by bears, indicating bulls are completely powerless to resist.
BOLL Indicator Alarm: The middle line was broken cleanly, and the current price is sticking to the lower line, indicating a definite downtrend.
Volume Spikes: Trading volume surged during the crash, clearly indicating panic selling, not just a shakeout!
Conclusion: The technical side is completely under the control of bears; don’t attempt to buy the dip easily in the short term!
3. Personal Opinion: How to Operate Today?
Short-term Traders: 4560 has now become a new resistance level; if it can't rebound above this, quickly reduce your positions! The support below is at 4430, but if it breaks, it could head straight for 4200.
Long-term Holders: The fundamentals of ETH haven't changed, but don’t catch a falling knife in the short term; wait until the daily chart stabilizes above the BOLL lower line.
Important Reminder: Today is Friday, be cautious of European and American traders possibly dumping again before they clock out!
Final Words of Truth: Bull markets often see crashes, but this time is different—it's a double whammy of news + technicals; prioritize protecting your capital before talking about profits!
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