Warning! Volatility has dropped to the monthly low, the whale with $ETH has loaded 140 million USD in chips, waiting for the Federal Reserve to pull the trigger!
The calm before the storm is the most tormenting — Ethereum's half-hour level plunged from $4640 to $4551, clearly a result of the bullish leverage being washed out.
Latest technical analysis!
1. MACD bearish momentum convergence: the DIF line dropped from +40 to -20 but has not formed a divergent death cross, indicating that the downward momentum is gradually weakening.
2. Trading volume reveals the truth: actual trading of 32,000 contracts compared to an estimated 37,000 contracts, a decrease of 18%, and halving compared to the 5-day average volume (67,000 contracts) further proves that large holders are still on the sidelines.
3. Moving average death cross: the price is being constrained by MA5 and MA10 forming a suppression triangle, with 4400 becoming a battleground for bulls and bears.
2. Latest news on the chain!
1. The whale recharged 32,000 ETH (approximately 140 million USD) to the exchange early in the morning, usually indicating short-term selling pressure.
2. Gas fees plummeted to 35 gwei, setting a new monthly low, but DeFi locked positions increased by 5% (divergence signals worth noting).
3. US stock futures fell by 0.8%, with the correlation coefficient with ETH rising to 0.82.
Remember! Don't just look at the news to enter and exit, this is a very bad habit!
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