Major Market Movements Ahead🔥🔥🚀🚀
Today, ETH plunged again, briefly dipping to 4228. Panic spread instantly across the market, with many believing a bear market had arrived. On the surface, the statements from 'the informed king' and the news about 'ETH un-staking' hit the news cycle, prompting retail investors to flee.
However, a closer examination reveals that this resembles a manipulation by the main players taking advantage of the news; it was similar when the PPI data was released last week. The short-term volatility is actually a good buying opportunity, and the so-called bad news represents a false risk. The informed king's comments focused on cryptocurrency regulation, with no new information, and institutions have already digested this; on-chain funds have not fled, and it is mostly retail sentiment that has been amplified.
The un-staking of ETH is only 23,000 coins, accounting for 0.03% of liquidity, which is far from being substantial enough to cause a crash, and prior reports indicate that large holders often choose to continue staking rather than selling after unlocking.
Operational Advice: The key support level has not been breached, and bulls have entered the market. This drop hit the technical support level at 4228 USD, where it has previously stabilized multiple times. After the panic sentiment has been concentrated and released, buying quickly entered the market, and ETH rebounded rapidly to around 4310. If it can hold within the 4200 - 4300 range, the upward trend for ETH remains intact. The main players often use false bad news to wash out positions before pushing to new highs. Those who truly understand trading do not cut losses in times of panic but instead take advantage of the dip to increase their holdings.