$ETH Giant Whale Transfers 120,000 Coins! SEC's Latest Statement Leads to an 18% Market Plunge!
Volume Breaks Key Support, ETH's 30-Minute Chart Tells Us: If Bulls Don't Step Up, Bears Will Continue to Hammer.
1. Latest Technical News
1. MACD Indicator Deteriorates: DIF and DEA Continue to Weaken, MACD Histogram (-17.28) Continues to Expand, Indicating Bearish Momentum Has Not Yet Fully Released.
2. Insufficient Trading Volume: Actual Trading Volume 121,407, Below the 6-Day Average Volume of 165,980 and Estimated Trading Volume of 127,573, Indicating Weak Market Support and Lack of Capital Involvement During the Decline.
3. Moving Averages Forming Resistance: Prices Fully Break Below the MA6 and MA10 Moving Averages, Short-Term Moving Average System Shows Bearish Arrangement, Any Rebound Faces Heavy Selling Pressure.
2. Latest On-Chain News!
1. Regulatory News is Bearish: SEC Proposes New Regulatory Requirements for Ethereum ETF, Approval Time May Be Delayed.
2. On-Chain Data Anomalies: 120,000 ETH Transferred from Cold Wallet to Exchange, Suspected Large Holder Preparing to Dump.
3. Network Activity Cooling: Gas Fees Fall to 3 Gwei, Indicating a Significant Decrease in On-Chain Transaction Activity.
Remember! Markets Always Emerge from Despair, But Waiting Now is Better Than Blindly Bottom Fishing.
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