When Ethereum is stagnant like a dead fish, not even blinking an eye, it often means the calm before the storm—because the market never sleeps; it's just waiting for a trigger point.


Playing dead during the day, going crazy at night!

Yesterday's ETH performance was like a dead fish: the price stuck between 4500-4550 without moving, with fluctuations so small that even the transaction fees couldn't be recovered! Until 8:30 PM, when the US retail sales data was released (in line with expectations at 0.5%), the market thought everything was fine, but then ETH instantly flipped its performance.

One minute saw price fluctuations of 90 USD: 4580→4670→4580, it's all about the thrill!

You thought it was over? Naive! The real scythe drops after 9 PM: US inflation expectations skyrocketed to 4.9% (above expectations), and ETH plummeted from 4560 all the way down to 4364 by 3 AM, a nearly 7% drop in a single day!

Old Zhao's opinion: The negative data is not scary; what's scary is that the market makers use it as an excuse to cut retail investors!

The truth about the sharp drop:

Regulatory black swan strikes

The US SEC suddenly announced a strict investigation into DeFi protocols, and ETH, as the leader of smart contracts, is the first to bear the brunt, with big holders fleeing overnight! On-chain data shows that an anonymous whale dumped 50,000 ETH (worth 220 million USD) in one go, breaking through the 4560 support level and triggering a chain of stop-loss orders!

What to do next? Keep a close eye on these two lifelines!

Short-term resistance level: 4500

If it can't bounce back, reduce positions to save yourself! If it breaks 4400 again, the next stop is 4200 (weekly support).

Key mid-term level: 4168-4360 USD

This is the moat for the bulls. On-chain data shows that whales are placing buy orders here. If it holds, there will be fluctuations; if it breaks, it could crash to 3800!

In a bull market, there are often sharp drops, but this time it's a double whammy of news + technicals—don't catch the falling knife; wait for the daily chart to stabilize above the BOLL lower band before acting!

Old Zhao's heartfelt words

A sharp drop isn't necessarily a bad thing; only after a washout can the real dragon emerge! The fundamentals of ETH remain unchanged, Layer 2 ecosystem, staking rate at 27.8%, but don't confront the market makers head-on in the short term.


There are no gods in the crypto world, only smart people who can read signals. Old Zhao's articles don't brag, don't paint false hopes, they only teach you practical survival skills. Follow Old Zhao for daily strategies and know in advance.#美国7月PPI年率高于预期 $ETH