🚨 Major Players Exit — 2740 Becomes ETH's Final Lifeline 🚨
Last night, ETH pumped to 2880 — $120M shorts wrecked. But 3 failed breakouts at 2870 + massive sell walls = clear rejection. Bulls collapsed. 2800 snapped. ETH hit 2740. 👉 $380M liquidated in 24 hrs.
What Really Happened:
• Whales dumped 50K ETH near 2878 • ETF hopes crashed — BlackRock delay, institutions paused buys • Exchanges squeezed the market — funding rate hit 0.15% at the top
Technical Breakdown:
• Triple top at 2870 + MACD death cross • 2766 break triggered panic • RSI deep in oversold = momentum accelerating down
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🔍 What’s Next:
Short-Term: • If 2740 breaks → freefall to 2680 • Rebound fails below 2766? That’s your exit/short signal
Mid-Term: • Weekly close < 2700 = bearish “Evening Star” • Only bullish reversal: Strong break above 2880 + hold over 2850
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⚠️ Retail Traders Must Act Smart: ❌ No bottom fishing below 2740 ✅ Weak rebound? Short it — target: 2680 📉 Heavy bags? Use bounce to reduce 🧨 CPI coming Thursday — cut leverage before it’s too late
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Core View: Big players have already exited above 2870 Bearish momentum is confirmed 📌 Do only 2 things: • Cut losses on breakdowns • Short weakness on failed rebounds