Ethereum has crashed 700 points! The bulls have been completely defeated, is the real show yet to come?

This wave of ETH shorts broke through the bulls' defense line, dropping over 700 points in just 35 candlesticks, and market sentiment plummeted to a freezing point.

Retail bulls have become the 'victims under the knife' of the shorts, with cries of despair all around.

The question arises:

Is this slight rebound a brief flicker before a new round of decline, or are the main players gathering chips at the bottom, preparing for a major counterattack?

From a technical perspective: KDJ is deeply oversold, and there is a possibility of a short-term rebound;

From a funding perspective: panic selling has been washed out, and the real chips are quietly concentrating.

The next step is whether to continue heading south or to make a shocking reversal; it all hinges on the choices of the main players.

At this stage, keeping a close watch on support levels and trading volumes is more important than blindly trying to catch the bottom.

In the crypto circle, after every major massacre, there lies an opportunity for rebirth.

The only question is, do you dare to survive until that moment?

If you want to learn more about cryptocurrency information and want to understand how the next trend will unfold, follow the rhythm of Brother Lu, and Brother Lu will help you reach the shore!!