Exclusive Analysis: Why Did ETH Plunge to 1830 in the Last Two Days?
Answer: Yesterday was Wall Street's sell-off; just now it was a Chinese team selling off, targeting exchange whales at specific points to continue creating the illusion of panic from yesterday to scoop up chips, and the data has now stabilized.
1. Will ETH plummet below 1500 in the short term? Should I cut my losses now and buy in later?
Absolutely do not do this! They are using the most despicable methods to manipulate human nature because the operators have no more cards to play.
2. Wall Street sold off yesterday, with 1 billion USDT and 250 million USDC minted at 21:00 yesterday. Based on their review process (centralized + manual review), they were already preparing to buy in funds when ETH dropped below 1900 at 13:00 yesterday. They are taking advantage of the weekend to place orders and sweep up low-priced chips across the network.
3. Stablecoins have been breaking historical highs in recent days, currently reaching 234 billion, which is a huge divergence from the current coin price.
4. The stock and order volume of ETH on exchanges are almost at historical lows.
5. After Ethereum has just been cleared, continuing to liquidate at lower levels has no cost-effectiveness and is also difficult to control.
6. Different times and different operators are controlling the sell-offs, and it needs to be clearly distinguished.
For example, in the major sell-off of ETH on February 3, the latest Forbes cover figure Sun was one of the participants; it was a weekend night when retail investors were asleep, with no signs and no international events, ETH dropped from 3000 to 2100. The tariff incident was purely a post-event excuse to match up! He also had a leading brother behind him, but just like the plot of 'Demi-Gods and Semi-Devils': everyone not knowing is actually the most perfect ending!
March 29, 2025, Issue 29 of 'Crypto 24'
