$ETH

ETH Crash Alert! The 1740 defense line is in jeopardy, and the whales have set up five layers of death traps!

1. Technical Crash Signals

ETH smashed through the critical 1740 line this morning, and the MACD lines are about to create a "death cross" underwater, while the RSI is playing dead at 39.7. The gravestone line on the four-hour chart has engulfed the past six bullish candles, a typical prelude to a "door painting" crash! Even more bizarre is the false breakout at 1754 earlier, which was actually a trap set by the whales using a 2000 ETH bait order; within 10 minutes, it smashed through 1740, directly wiping out over 120 million dollars in long positions!

2. Financial Nuclear Warning

The on-chain data suddenly exploded: three giant whales transferred 120,000 ETH to Binance's cold wallet, along with a perpetual contract negative funding rate of -0.018%; institutions are clearly setting up short positions in secret. The most serious part is the narrow range between 1737-1740, where 2.3 billion dollars in options positions are stacked, with 80,000 contracts expiring at 8 PM tonight; both sides are gearing up for a knife fight here!

3. Regulatory + News Double Whammy

In the US, Bitcoin ETFs have been sold off for four consecutive days, with Grayscale dumping 34 million in a single day, and BlackRock's premium is even inverted. The Hong Kong Securities and Futures Commission made a surprise raid in the early morning, demanding exchanges to resubmit compliance materials, causing panic in the Asian market. Now the price is fluctuating around 1737.4, repeatedly testing the "dragonfly touching water" pattern; every time it nears a breakout, it gets pulled back by dozens of points—this is the whales digging five layers of long and short explosion traps!

4. Life and Death Operation Guide

① Is the price hovering below 1740 for over 3 hours? Run quickly!

② If it breaks below 1737 with volume, directly chase the shorts, don’t hesitate!

③ If it rebounds to around 1758, immediately place a short order, set a stop loss at 1765.