Surface dead water surges with undercurrents! $ETH The giant whale is devouring 150,000 pieces against the trend, is it a trap or an opportunity?
Note! Do not simply look at the news for entry and exit; this is a very bad habit!
1. Latest technical analysis!
1. The MACD is getting deeper underwater, the DIF is being pressed down by the DEA, and the histogram line (-23.04) is green to the point of panic.
2. More troubling is the moving average system—MA5 has crossed below MA10 forming a death cross, all moving averages are in a bearish arrangement, pressing down like a waterfall.
3. Trading volume is also bleak, with actual transactions at 193 million, which is less than half of the average volume line, indicating that there is no bottom-fishing capital entering the market, purely intra-market funds killing each other.
2. Latest on-chain news!
1. The giant whale address is continuously accumulating, with over 150,000 ETH flowing out of exchanges in the past 24 hours, clearly indicating that large holders are secretly taking over.
2. The SEC's delay in approving the Ethereum ETF has brought selling pressure, and gas fees have dropped to a new low for the year, leading to a decline in on-chain activity, with both fundamentals and sentiment under dual pressure.
3. Despite the frequent negative news, the staked amount of ETH2.0 has unexpectedly reached a new high, indicating that long-term capital still has confidence in the future market.
Remember! In the current market, it's better to miss out than to make a mistake---I am Tang Seng, top-tier technical support, serving only those with vision and ambition!