$ETH Sudden drop to position 4228: Panic or Opportunity?
Today, #ETH suddenly plummeted to position 4228, and the market briefly fell into panic. The apparent reasons are the "old Trump remarks + ETH unlocking" double negatives, but upon deeper analysis, it appears more like a ploy by the main players to shake out weak hands using "false risks".
Firstly, the regulatory direction mentioned by old Trump is not new; institutions have already digested this information; the so-called negative news is just an emotional exaggeration. Secondly, the scale of this unlocking is only 23,000 coins, accounting for only 0.03%, which is far from enough to crash the market. Historically, whales are more inclined to continue staking, and the so-called "selling pressure panic" seems more like media amplification.
From a technical perspective, the 4228 position is precisely the key support level for ETH. After the panic selling is cleared, buying interest quickly enters the market, and the price rebounds rapidly to $4310, indicating that bulls are starting to accumulate. As long as the range of 4200-4300 is maintained, it is a window for phased accumulation; even if it dips further, the 4200 position has a stronger support from the daily MA30.
The overall logic remains unchanged: ETF accumulation and ecological expansion are still the medium to long-term drivers. The current sudden drop seems more like a false negative shakeout, clearing the way for breaking through the previous high of $4730.
The real risk is not the decline, but not understanding the opportunities after the shakeout.
