Dog fund suppresses the盘玩阴招！
ETH card at $1900 stuck in a stalemate, long and short squeezed to a fever pitch
Today's ETH market can be described as a dull knife cutting meat, MA7 ($1900) and MA30 ($1897) are tightly intertwined, the price is shrunk to $1900 playing an electrocardiogram, the dog fund has welded a wall of 18,000 ETH sell orders at $1905, with volume shrinking to $7.683 billion, less than 50% of MA5 ($1.53 billion)
Technical aspect purely a fishing game: Hourly chart MACD underwater golden cross but energy bars thin as needle tips, KDJ three lines stick together playing dead, Bollinger Bands close to $1895-$1880, EMA trend indicator continues to dive downward, the distance between fast and slow lines widens, MACD volume noticeably shrinks, DIF and DEA continue to contract, but the bullish momentum is insufficient leading to K-line divergence
News aspect:
BlackRock ETF gets choked by SEC: SEC rejected its amended S-1 filing in the early morning, requiring additional collateral income regulatory framework, with a final deadline still set for May 23
Whale dumping confirmed: 0x8c3 address transferred 30,000 ETH (about $570 million) to Binance, on-chain liquidation threshold drops to $1780
Miners turning sides: Holding index plummeted to 0.68, North American mining pool shifted 15% of hash power to ETC to break even, on-chain new address count frozen at 108,000/day, Gas fee stuck at 5 gwei, DeFi protocol TVL lost $320 million in one day
Technical aspect:
Daily level ETH has been sideways for 7 consecutive days in the $1800-$1950 range, forming a "rectangle bottom" pattern
Key resistance above at $1945 (downtrend line + psychological level), strong support below adjusted to $1780 (weekly EMA120 + on-chain liquidation threshold)
At the four-hour level, the price is stuck below the EMA30 resistance at $1930, MACD bearish momentum strengthens, once breaking below the previous low of $1865, the death cross formation will accelerate the dump
Old-school hardcore strategy: Let the dog fund shoot first
Spot traders place orders below $1780 to gradually bottom-fish (add 10% for every $30 drop), leaving 40% bullets to guard against a spike down to $1700
Contract dogs focus on $1905-$1910 to add short positions, stop loss raised to $1920, target down to $1820 weekly MA60
ETH/BTC exchange rate breaks through 0.053, SOL, PEPE, etc. follow the drop threshold down to 15%, bottom fishing equals giving the dog fund a year-end bonus
Key signals: Breaking below $1780 triggers panic selling; stabilizing above $1920 beware of false breakouts; breaking through $1945 with volume blindly go long, target $2050-$2100
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