$ETH Giant Whale Launches Surprise Attack with 42,000 Tokens at Midnight! Will the 4,000 Level Hold Tonight?
As the MACD forms a death cross at high levels, encountering a giant whale's sell-off, this is not a mere pullback, but a warning signal for a trend reversal!
1. Latest Technical Analysis!
1. MACD: The DIF line crosses below the DEA line forming a death cross, and the histogram turns negative, with a historical average drop of over 15% for similar patterns.
2. Volume: The volume shows a weak characteristic with a drop of 1.5 million / a rebound with a volume of 1.42 million, indicating clear signs of the main force unloading.
3. Price: The price is suppressed by all moving averages, with MA5 (1.689 million) becoming a strong resistance level recently.
2. Latest On-Chain News!
1. Exchange ETH holdings increased by 18% in a single day, reaching a new high for the month;
2. Perpetual contract funding rate turns negative (-0.003%);
3. Lido staking APY plummets to 3.2%, indicating a shrink in staking demand. Multiple data points confirm that ETH is facing a liquidity test.
Note! When you see a giant whale depositing into the exchange, will you run away first or hold your ground?
I am Tang Seng, top-tier technical support, serving only those with vision and ambition!
