ETH plummets sharply, is it a trap or a pie? Keep up with this rhythm to reap the rewards!
Friends in the crypto circle, pay attention! ETH dropped nearly 200 points on the 1-hour chart; how should we operate in this market? As a skilled analyst, I will dissect the situation from technical, on-chain, and news perspectives to guide you in reaping profits!
1. Technical Analysis: Lower support game, is a rebound imminent?
After breaking the lower Bollinger Band at 3864, it has temporarily stabilized, and there is a need for technical rebound recovery after the sharp drop; MACD green bars are expanding, but we need to be cautious of bottom divergence, and the recovery of 3864 is critical for bulls and bears.
2. On-chain Data: Retail panic selling, whales quietly accumulate
Retail investors are transferring a large number of coins to exchanges for selling, while whales are making small purchases in the 3800-3850 range; large short positions in futures are closing, indicating a capital game for a short-term rebound.
3. News Analysis: Long and short intertwined, institutional actions hide opportunities
Regulatory negative news suppresses sentiment, but institutions are increasing their holdings of ETH futures ETFs, and the staking fundamentals remain strong.
Operational Strategy: Keep an eye on the signals, don’t hesitate to reap rewards
If 3864 is recovered and on-chain and futures signals align, lightly position long positions looking at 3920-3950; if it effectively breaks below 3800, then avoid risks.
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