ETH Death Cross Looms! The Bulls May Face Targeted Bombing Tonight!
At this moment, the ETH market is staging the most brutal philosophy lesson in the crypto world—this morning's bearish doji star misled everyone with a volatility of 0.24%; beneath the seemingly calm candlestick lies the bloody scent of the bulls being sliced by a dull knife.
1. Technical Analysis:
When the BOLL channel narrows to the point of squashing a mosquito, the MACD smirks: the death cross of DIF and DEA, coupled with a green bar of -5.91, vividly etches “Beware of Bears” on the candlestick chart. Even more disheartening, the price has touched 1857 three times only to fall back as if electrocuted—this clearly indicates that the whales have welded the bear artillery above 1820.
2. On-Chain Covert Battle Decoded
At 03:17 AM, a certain whale deposited 28,000 ETH into CoinBase, causing the funding rate to plummet to -0.018%. But dramatically, a sudden ETH short position worth $120 million emerged on Bitfinex, which was mysteriously canceled half an hour later—this double act is more mind-bending than it appears.
3. Main Force Layered Tactics
Current market data reveals hidden secrets: there is a sell wall of 4,300 ETH stacked above 1820, while the buy orders at 1800 are as thin as a beggar's wallet. This layout of “high-altitude artillery, low-altitude bait” resembles the death roll of a crocodile before swallowing its prey. Don’t forget, just below the Bollinger lower band at 1795 lies an options liquidation point worth $340 million.
4. Countdown to Trend Reversal Alert
The real danger lies in the trading volume—when the price surged this morning, the volume shrank by 42% compared to yesterday, but when it broke below 1810, an enormous sell order erupted. This classic bearish market structure of “rising on low volume, falling on high volume,” combined with the sudden delay from the SEC regarding the ETH ETF decision, fills tonight’s European trading session at 21:00 with a powder keg atmosphere.
Now, keep an eye on the Bollinger lower band at 1795; breaking this level is a graveyard for the bulls at 1777. Remember, when the whales start playing the “Doji Star + Low Volume” combo, a real crash often only needs a single pinprick.
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