ETH Defends the Critical Line at 1593, Giant Whales and Miners Engage in Bloody Battles!
Today's ETH market is nothing short of a battlefield, with prices stuck dead at the lower Bollinger Band around 1593, and the middle band at 1595 pressing down harder than a coffin lid. The MACD shows a death cross underwater with a -0.04 green bar, crazily indicating a continuation of the downtrend. The red and green candlesticks are strung together like a candied hawthorn, and the market manipulators are clearly playing a slaughterhouse game with spikes and contract explosions. On-chain data reveals that miners dumped 150,000 ETH to exchanges this week while whales placed 28,000 buy orders at 1580. This script feels all too familiar: the manipulators prop up the market with one hand while smashing it down with the other, slaughtering the bulls before going after the bears.
1. The Turning Point Button:
The current Bollinger Bands have shrunk to a tiny gap, with the middle band at 1595 acting as the knife's edge of a meat grinder. MACD divergence in volume and price + the daily black three soldiers hovering above means this sideways movement is not a build-up of energy but rather a waiting for death. The opening of U.S. stocks tonight is the biggest variable; if the Nasdaq crashes, the probability of ETH being smashed down increases to 80%. However, there is a hidden opportunity in the news—Vitalik tweeted this morning emphasizing the urgent need for privacy in crypto in the AI era, and community sentiment yanked ETH back from 1588 to 1593. This wave of faith recharge is more invigorating than caffeine.
2. The Market Manipulators' Hidden Cards:
The weekly MA30 at 1620 has become a formidable barrier, but the main players are holding two cheating cards: the CME gap at 83200 and a liquidity alert from JPMorgan. The order book shows 32,000 short positions above 1595, and the manipulators will either violently puncture through the iron bottom at 1580 causing a cascade, or strongly pull up to break through 1595, triggering short stop losses. The most chaotic situation right now is the mutual slaughter between whales and miners—whales have dumped 8922 ETH in three days, while miners are selling 150,000 ETH weekly, but the capital pool supporting the buy orders is still holding strong. This is basically the 'Hunger Games' of the crypto world.
3. Today's Operational Gala
Spot traders are lying flat playing dead; anyone daring to bottom-fish at this position is a martyr. Contract traders are holding a $50 stop loss and aggressively shorting, aiming to chase down to 1550 if it breaks 1580, while preparing to go long if it stabilizes at 1595 to test the pressure point at 1605.
Remember, we are currently at the end of a triangle convergence, and the manipulators have two buttons in hand: one for spikes and one for pulling up. You can never know which one they will press first—the only thing you can control is your own position and stop-loss line.
#巨鲸动向
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