The truth about ETH's explosive rise is revealed! Last night, a mysterious giant whale swept up 50,000 coins, and the showdown at $4,400 is today.
This morning, the entire network is asking: Why did ETH suddenly surge last night? Combining on-chain data and technical signals, the truth is explained in 3 minutes!
Two major engines of the surge
1. News bomb
BlackRock increased its holdings by 52,000 ETH
Rumor has it that Hong Kong approves ETH spot ETF
2. Technical breakout
Break through three shackles overnight:
Fibonacci resistance level of $4,140
200-day moving average resistance
Downward trend line
MACD golden cross volume increase, sudden surge in bottom green bar
This is not retail behavior! A single order of $4,284 bought 10,838 ETH, definitely institutional accumulation!
Today's critical line: $4,400
Resistance level of $4,284 has been broken. Last night's chase profit was all profitable, selling pressure eased.
The next fortress is $4,400, where last year's trapped positions concentrated; breaking through would open the channel for explosive growth!
Defensive level at $4,200, 20-day moving average + Fibonacci support, stop loss immediately if broken.
Key indicator tracking method:
1. MACD turns from red to green, continue to hold.
2. Trading volume suddenly drops by 30%, take some profit to prevent a spike.
3. Orders on the order book > 5,000 ETH, follow the big players like last night’s $4,284 sniper battle.
Practical strategy
Scenario 1: Breakthrough at $4,400
Increase spot holdings + open 5x long positions
Ambush in the L2 sector.
Scenario 2: Pullback to $4,200
Bottom fishing with spot + grid orders
Pick up panic chips during a crash.
Blood and tears reminder: Don't touch contract leverage! Last night's explosive rise wiped out short positions worth $280 million; next time it could be you!
Click on the avatar, follow me, and don't miss any updates! Join the bull market feast!
