Will there be a counterattack tonight on $ETH ?
Last night, the U.S. Treasury announced it would collect crypto taxes, causing the price of Ethereum to plummet from 1825 to 1765. However, this sharp decline was precisely seized by mysterious large investors!
At three in the morning, someone frantically bought 28,000 Ethereum, controlling the cost between 1730 - 1760.
On-chain data shows that there are buy orders for 11,500 Ethereum waiting at 1720, clearly aiming to harvest those who shorted!
Vitalik Buterin also came to the rescue this morning, tweeting that Layer 2 locked positions increased by 35% in a week, and large holders on the OP and Base chains are transferring funds wildly.
The current market resembles a tug-of-war, with negative policy and positive technical factors pulling in opposite directions, and the market maker is still smashing prices before pulling them up.
The MACD indicator's fast and slow lines are entangled below the zero axis, with the histogram shrinking to -1.8. Historical data shows that there is a 72% probability of a rebound of more than 5% at this time!
The trading volume is also strange; the actual trading volume is half of what the market maker expected, with the 5-day average volume line dropping below the 10-day line. This trend clearly indicates that retail investors are lying flat while the market maker is stirring things up!
This morning, Ethereum quickly rebounded from 1765 to 1800, triggering many leveraged long positions' stop-loss orders. It has now been consolidated for over 6 hours and could change direction at any moment!!
Recently, the focus has mainly been on internal sharing; if you meet friends, be sure to pay more attention.
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