ETH Today's Market Deep Dive: MACD Death Cross Warning, Buy the Dip or Escape the Peak? #比特币市值排名

​​

​​I. What's the Situation Now?

Let's talk with pictures! ETH experienced a 'roller coaster' today, with prices bouncing between $1533 and $1768.

In the early session, fueled by BTC hitting a high of 93,000, ETH briefly touched $1768 but was immediately slammed down, now stuck around $1700.

​​Focus on MACD​​: The orange line (MACD) has turned down from a high position and is about to cross below the blue signal line. The red bars (bearish energy) are getting longer, clearly indicating that bulls can't pull it up anymore, and bears are holding back big moves!

​​II. Why the Sudden Weakness?

​​News Backlash​​: This morning, the SEC stirred things up again, delaying the decision on BlackRock's Ethereum ETF, causing institutional funds to instantly withdraw, and positive expectations fell flat.​​

Leverage Liquidation Chain Reaction​​: Binance's ETH contract funding rate spiked to 0.15% (annualized 180%), indicating that retail traders are blindly going all-in on long positions, with the whales reversing and smashing 260 million dollars of long positions, specifically targeting over-leveraged traders!

​​BTC Dragging Behind​​: Bitcoin is stuck at 92,000 and can't break through, with increased selling pressure from miners (data shows a 32,000 BTC outflow from miner wallets). The big brother isn't performing, so little brother ETH can only follow suit.

​​III. How Should Retail Investors Respond?

​​​​Contract Traders​​: After the MACD death cross is confirmed, directly open a short position, set a stop loss at $1780, and target $1600.

But manage your position well to prevent midnight spikes!​​Long-term Believers​​: Hold your base positions; there are still expectations for speculation around the September Ethereum ETF, but don’t increase your position in the short term—wait for market panic to release.

​​Expert Commentary​​: ETH is currently a 'news market + sentiment market'. The MACD death cross indicates a shift to bearish on the technical side, coupled with the SEC's interference, it will likely drop further in the short term.

Don't stubbornly go against the trend; the whales are just waiting to cut this batch of 'ETF-believing retail traders'!

​​You have needs, I have resources! Cooperation for mutual benefit! Want to precisely target spike situations? One-click follow trading, a professional team will take you through the ups and downs!