$ETH 1800 Life and Death Line, Should We Buy the Dip or Escape?
Ethereum is currently hovering around $1800, seemingly dangerous but actually hiding secrets.
On-chain data reveals the main players' bottom line: nearly 3 million ETH are stacked in the 1600-1850 range, which are 'bloody chips' that giant whales who bought two years ago are desperately defending the cost line, effectively locking in the selling pressure.
Technically, the situation looks frightening: both MACD and KDJ have issued sell signals, warning of a pullback, but the J value has already dropped to the extreme oversold zone, similar to a spring compressed to the limit, ready to rebound violently at any moment.
More crucially, the main players have buried a large number of buy orders in the 1780-1800 range, and over 150,000 ETH have been withdrawn from exchanges in the last 24 hours, which is not something retail investors can create.
Changes in volume reveal the main players' intentions: although the trading volume at the 4-hour level has decreased by 23% compared to the previous three days, the 10-day moving average suddenly increased by 47%, indicating that smart money is secretly building positions.
What we fear most now is a false breakout trap—last night's spike to 1814 followed by a drop back to 1780 is clearly a test of resistance by the whales. Just watch the middle ground.
In the short term, don't be scared by technical indicators; if ETH can break through while facing high funding rates, that would signal a restart of the bull market.
A reminder: currently, 60% of ETH profit addresses are concentrated in the 1600-1850 range. Once these chips are unbound, selling pressure will flood out like a deluge.
Don't believe in the nonsense of 'stabilizing at 1800 before taking off'; the real resistance level is at 1920, where those who failed to bottom out at 3400 last year are piled up.
Remember, support levels in a bull market are meant to be broken, while resistance levels are meant to be surpassed—focus on where the whales choose to act.
Are you stuck? When to buy the dip? Same as before, if you're confused and helpless, click on the avatar to comment. I need fans; you need references.
