Brothers, I am Honghu, and I have been navigating the cryptocurrency world for many years. Tonight, ETH is standing on the brink of life and death, with the shadow of a sharp decline after a sideways movement not yet dissipated. The price struggles repeatedly below the critical level of 4450, while the support level of 4300 is the last line of defense! There are frequent unusual movements on the whale chain, with some people crazily staking and laying out plans, while others secretly sell off for cash. What signals are hidden behind this? As a retail investor, your choice at this moment will determine your account's profit and loss: is it to buy the dip or to sell at the top? This article will unveil the truth of the market, but the more core suspense lies in how I, Honghu, discovered an imminent explosive turning signal through an exclusive model. The answer is limited to fans who join the 'Honghu Top Team'!
Technical Analysis: The K-line has sounded the alarm for 'Underwater Death Cross', and the 4300 defense line is hanging by a thread!
From today's K-line chart, after failing to break the 4600 pressure level, the bullish momentum of ETH has significantly weakened. The current price is suppressed below the key level of 4450, and the 'Underwater Death Cross' indicator confirms a weak pattern, with volume continuously shrinking exposing weak buying pressure. More critically, if the 4300 support level is lost, the strong support at 4120 will face a bearish test, which means the decline could expand to 8%! However, if the price unexpectedly breaks through 4450, a short-term rebound towards the 4600 pressure zone is possible. Note that the data in the chart showing 'buying pressure oversold' indicates intense competition between bulls and bears. Rainbow Tiger's exclusive judgment: the main force is using sideways fluctuations to clean up retail investors' chips. If tonight it breaks below 4300 with volume, a crash may be imminent!
News: The giant whale's split operation hides a crisis, some are betting on the future while others are cashing out to escape!
On-chain data reveals contradictory signals: on one hand, a giant whale that has been dormant for 6 years suddenly awakens, putting $26.68 million worth of ETH into staking, seemingly bullish in the long-term; on the other hand, whales have been selling 8450 ETH and recharging to exchanges for nearly three weeks, clearly looking to take profits. This 'dual-kill' pattern usually indicates a major change in the market, with staking whales or betting on ETH 2.0 upgrade benefits, while sellers may sense short-term risks. Coupled with the macro situation, the uncertainty of the Federal Reserve's policies exacerbates volatility. Rainbow Tiger reminds: the movements of whales are often leading indicators of the market, and retail investors blindly following trends are easily buried!
Rainbow Tiger's Viewpoint: Retail investors' survival rule is better to miss than to make a mistake!
In the current market, newcomers should avoid chasing highs and killing lows. My advice is: if the price stabilizes above 4450, you can try to go long with a small position looking towards 4600; if it breaks below 4300 with volume, be sure to stop loss and watch the support effect at 4120.
But more importantly, ordinary investors lack real-time data and algorithm models, which is precisely the value of the 'Rainbow Tiger Top Team'. I will lay out take-profit and stop-loss points in advance in the village. For example, the strategy released yesterday perfectly took profit at the target of 4440! Tonight, I detected a key on-chain address movement that may determine the direction of ETH, but the specific code and timing to enter will only be disclosed to team members.
Brothers, the market always erupts in fear! Do you want to know the movements of the main forces 10 minutes in advance? Do you want to avoid becoming the chives harvested by the whales? If you don’t know what an effective breakout is, you can come to Rainbow Tiger, I will guide you step by step. Don’t know when to enter? It's still that saying, confused and helpless without knowing what to do, click on the avatar to comment. I need fans, you need references. Want to know how to cope? My circle won't disperse!
