$ETH into the Death Triangle: Decrease in Volume, Death Cross, Giant Whale Dark Battle, Who Will Break the Deadlock First?
Brothers, ETH is stuck in the $4345 range, it's like hanging around a crossroads smoking — so tangled! The technical signals have already been revealed, and with the latest news this morning, let's clear up the situation completely!
1. Latest Technical Analysis!
1. Price Aspect: The price is stuck around $4345, just a step away from the psychological barrier of $4800, but it can't break out! The root cause is the collapse of volume.
2. Trading Volume Aspect: The actual volume is 550,000 contracts, compared to the 5-day average of 4.7 million contracts and the 10-day average of 6.24 million contracts, it's shrunk to just a fraction! This indicates that retail and institutional investors are collectively playing dead, fearing to stand guard when chasing highs, and selling off because they feel there’s not enough meat. Such low volume at high positions definitely shows weakness in the upward momentum.
3. MACD Aspect: The DIF fast line has been overtaken by the DEA slow line! The signs of a "Death Cross" are emerging, and the short-term momentum can't match the mid-term rhythm. The MACD bars are green but significantly shorter! It's like lightly pressing the gas pedal, if it shrinks further, it will turn red (turn bearish), and the pressure to correct can’t be held down anymore.
2. Latest On-Chain News!
1. ETF Faces Technical Adjustment Again: BlackRock's spot ETF approval has been stalled by the SEC, although it’s not a direct rejection, the implementation delay is pouring cold water on it. The good news has turned into "the wolf is here", and market patience is running thin.
2. Giant Whales Secretly Bottom Fishing: On-chain monitoring shows that whales are continuously accumulating in the $4700-$4750 range, the total amount is not large but sends a signal: large funds recognize this position, and their intent to support is evident.
3. Exchange ETH Inventory Plummets by 15%! In the last 24 hours, Binance + OKX + Bitfinex collectively saw an outflow of 248,000 ETH (about $1.2 billion), setting a record for the highest single-day outflow since July.
Attention! Can this $4800 window for ETH be broken? Volume determines life and death, news decides direction!
I am Tang Seng, top technical support, only serving those with vision and ambition!