Unveiling the Truth Behind the ETH Plunge! Whale Manipulation + NVIDIA's Betrayal! Full Recap of Last Night's Script, Quick Look at Today's Strategy
I. Market Review Last Night: Rollercoaster Crash, All Tricks!
ETH was quite stable during the day yesterday, with the 4580 support as hard as an iron bottom, slowly climbing to 4660. But the style changed drastically at night, first a whale transferred 22,000 ETH to Coinbase, suspected of preparing to sell, and the price instantly smashed to 4600. However, there was a lot of funds taking over below, and it quickly pulled back to 4640. At 2 am, the real storm came!
Two main reasons for the collapse:
1. Exchanges continued to have a net outflow of 300,000 ETH, liquidity dried up, the market became "thin", and the price broke through as soon as it was smashed;
Although NVIDIA's financial report exceeded expectations, the outlook for the next quarter was flat, falling 5% after the market closed, bringing down the entire technology and crypto market, and ETH smashed to a minimum of 4465!
II. Technical Status Quo: Break of the Shock Range, Short-term Weakening!
The daily line has broken the strong structure and entered the 4400–4570 shock box
The 1-hour level rebound volume is insufficient, and 4520 has become a watershed for long and short
Trading volume has shrunk, and the market is waiting and seeing
III. Whale Trends: Funds are Shifting from BTC to ETH!
A Bitcoin whale that has been dormant for 7 years has recently woken up, throwing away 2.6 billion knives of BTC and turning around to buy ETH spot and perpetual long orders. This may be an important reason why ETH has risen and BTC has fallen recently. Large funds are adjusting positions, and we must follow the smart money!
IV. Today's Operating Strategy: Key Position 4520, Only See More When You Stand Firm!
Radical: Lightly short near the current price of 4510, stop loss 4560, target 4400→4300
Steady: Wait for the 1-hour line to stand firm at 4520 before considering going long, otherwise wait and see
Remember: Don't blindly copy the bottom! Zhuang is waiting to cut off impatient people
summary:
ETH's wave of decline is a triple blow from whale shipments + liquidity exhaustion + NVIDIA's fall. The short-term technical side has weakened, and 4520 is the dividing line between strong and weak.
Nod your head and follow me, don't miss any first-hand information updates! Go to the bull market feast together
