ETH Whale Activity, Keep an Eye on 1600 Tonight!
The current ETH market can be described as a "bull-bear meat grinder," with prices repeatedly oscillating in the $1580-$1630 range, and the daily volatility only at 3%. The market makers have frozen the candlestick patterns within the four-hour Bollinger Bands. However, beneath the seemingly calm surface, three key signals are brewing:
1. Technical Analysis: Spring Trap in Oversold Zone
Deadly Resistance: $1650 has become the "ghost gate"—the 200-day moving average and the Fibonacci 50% retracement level serve as double resistance. The MACD golden cross is just a false signal, and the rebound volume has shrunk by 40%.
Spring Support: Whales have buried over 56,000 ETH buy orders in the $1550-$1600 range, and on-chain data shows this is the largest accumulation in two years, with the cost zone acting as a "high-voltage power grid"—breaking through will likely lead to a counterattack.
Death Cross: The 4-hour chart shows EMA5/EMA30 forming a death cross, while the RSI is stuck in the neutral zone at 45. This pattern will either lead to a violent 10% rebound or a waterfall drop straight to 1500.
2. On-chain Dark Battle: The Million-Dollar Bet is On
Whale Betting: An address linked to Sun Yuchen has transferred 1000 ETH through a mixer, coinciding with the awakening of ancient whales that have been dormant for two years, causing a 300% surge in daily net inflow on-chain—these individuals never do charity; they either blow up contracts or pump to gather chips.
Miner Revolt: The mining cost line has been breached! In a single day, 2143 ETH was dumped onto exchanges, and this group of "iron-headed kids" has started to cut losses, but beware—miner capitulation is often a bottom signal.
3. Three Key Actions:
Breakout Script: Increase volume to stabilize above 1630 and chase long positions, targeting $1750;
Breakdown Script: A spike breaking through 1550 to short, but orders must include a $50 stop loss to prevent a sudden liquidation by market makers;
Sideways Script: If still oscillating between 1580-1620 before 3 AM, just shut down and sleep, as reaching for trades in this market will likely result in a loss!
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