The K-line of $ETH is at the edge of ICU extubation—4370 is the oxygen tube; remove it and it will run out of breath. Only stable insertion can prolong life!

Core of the market: Double kill from the technical and news fronts

1. Market suffocating decline

Price is stuck at 4303 (key level 4370 has become a solid ceiling), the Bollinger Bands have shrunk to a single line (upper band 4384/lower band 4291), the price is crawling along the band, clear signs of the dog fund suppressing the market to accumulate shares. MACD yellow and white lines are struggling below water, the histogram -9.24 is alarmingly green, and bullish energy is exhausted. The shrinking volume is fatal: actual transactions are only 43,000 pieces (estimated 155,000), retail investors are lying flat, and the dog fund is waiting for the US stock market to open (Nasdaq futures are currently down 0.6%).

2. Latest news adds to the wounds

SEC delays Ethereum ETF options decision (postponed to August 23), and fund withdrawals accelerate. Huge whales sold off in the morning: 32,000 ETH were detected moving to Binance (worth 138 million USD), and this address accurately escaped the peak in June. Defi liquidation minefield: if it drops below 4250, Compound will trigger 180 million USD in collateral liquidation.

Poverty and strange speech:

ETH has become a puppet of the US stock market! When the Nasdaq falls, it falls; when the Nasdaq rises, it plays dead. The current decline is a classic suffocation tactic by the dog fund, but if it breaks below the lower Bollinger Band of 4291, the tragedy of June 4300→3800 will reoccur!

Warning of historical repetition

July 15 script: After ETH sticks to the band for 8 hours with low volume, it surged 8% in 1 hour due to news of new futures from Coinbase. The same pattern reappears now, only missing a spark of news.

Exclusive countermeasures from Poverty:

Good news surprise (like ETF approval), focus on breaking 4370 + volume > 150,000 pieces; bad news bombardment (US stock market crash), place a defensive order at 4250, and if it breaks, chase the short target at 4200.

The bulls are like holding a firecracker that won’t go off—waiting for the SEC match? Waiting for the US stock market fuse? If it breaks 4370, I’ll directly set off fireworks; if it breaks 4290, you should run! Click on the homepage to follow the transfer from Poverty, this market… if you’re a second late, the coffin lid will be nailed shut! #ETH质押退出动态观察