#加密市场回调 ETH plummeted from 4700 to 4452 last night, then violently rebounded to 4635. In the 1-hour chart, KC middle track, moving averages, and MACD three lines are strangling. Is this wave a 'real counterattack' or a 'trap to lure in'? You'll understand it instantly after reading!

Technical core signals

KC Channel: Current price is below the middle track at 4696; a breakout would target the upper track at 4779. If it falls below the lower track at 4612, support at 4452 may be challenged again.

Moving Average Game: The 7-day moving average at 4682 is about to golden cross the 30-day line at 4711, determining the outcome of 'trend reversal' or 'continuation of decline'.

MACD Anomaly: DIF is rapidly rising approaching DEA, golden cross is imminent, but weak volume hides potential risks!

Dark Horse Drives Surge / Plunge

On-chain Bottom Fishing: During the plunge, whales crazily absorbed 120,000 ETH, with clear washout signals;

Cancun Upgrade: Layer2 performance exceeds expectations, becoming a 'powder keg' that could explode at any time;

Macroeconomic Shift: Expectations for the Federal Reserve to cut interest rates are rising, with funds accelerating back into crypto!