A Night of Terror for ETH: The Battle to Defend 3883 Begins, Keep an Eye on This Signal Tonight
Was the sudden drop in ETH last night another reason for someone to stay up all night and get liquidated? Don't panic, my friend, with 5 years of market experience, let me break it down for you
Why did it drop? How will it move today? A hands-on guide to watching the key levels!
1. The Truth Behind the Plunge: Double Whammy from News and Technicals!
News Black Swan:
Last night, it suddenly emerged that the US SEC would severely investigate DeFi platforms, and the market panicked! Big money fled overnight, leading ETH to dive.
Coupled with the tense situation in the Middle East, Bitcoin also crashed, causing bloodshed in the crypto space.
Technical Analysis Makes It Worse:
The key level at 4140 was smashed by a big bearish candlestick,
All moving averages turned down, the yellow, purple, and gray lines collectively fell,
MACD death cross + shrinking green bars, short selling energy is still amplifying,
Bollinger Bands opened downwards, and prices are being pressed against the floor.
2. Today's Life and Death Line: 3883!
Currently, ETH is barely holding around 4080, but don't celebrate too soon!
Upper Pressure: 4140, which was broken last night, now becomes the ceiling.
Lower Lifeline: 3883
Warning: If it breaks down past 3883 with volume, it will trigger panic selling, heading straight to 3800!
3. The Main Force's Movements Hide Secrets
Look at the right-side order data:
85 ETH sell orders piled up near 4084, big money is pressing the price down to sell,
The buy orders are sparse with quantities at 0.0X, retail investors are holding on hard.
Translation: The main force is still running, and those buying are just retail investors!
4. Personal Strategy: Better to Miss Out than to Make a Mistake!
For Short-term Traders:
If it rebounds but doesn't exceed 4140, reduce your position at the highs, and decisively stop loss if it breaks 3883!
For Bottom Fishers:
Hold your hands! Wait for two signals:
MACD green bars turning red + golden cross,
Stabilization above 4140 with volume!
In conclusion: The news is still bearish, and the technicals are under short control.
Today’s focus is on the 3883 battle; if it holds, there’s a chance for a rebound; if it can’t hold, those who run fast will profit, and those who run slow will be cut!
Tap the profile picture, follow me, and don’t miss any updates on the latest information! Let’s enjoy the bull market feast together!
