$ETH 1700 dollars buried under 180 million dollars of explosives! Whales painting the Ethereum slaughter 'bottom-fishing warriors'?
The long-short meat grinder starts at 1700 dollars! Is Ethereum making a comeback tonight or facing a guillotine? Remember! When others are fearful, I am greedy; those rushing in now are either geniuses or fuel!
1. Three major pieces of news!
1. The two-hour ETH chart is in a life-and-death tug-of-war above 1800 dollars! Below, layers of buy orders are stacked at 1722-1741, clearly acting as the main force's 'explosion shield', but a 'gravestone line' appeared at 721 dollars on the chart.
2. On-chain tracking shows a flash crash triggered by a trading algorithm malfunction at a certain exchange, quickly rebounding after a spike — experienced traders understand, this is a violent washout by the market maker! Above, 1800 dollars is pressing against the 5-day/10-day moving averages (340,000/490,000 trading volume levels), and the last three highs have all been shot back down.
3. Even worse, on-chain monitoring detected 35,000 ETH being transferred in batches to Binance in the early morning, combined with a negative premium from Coinbase, clearly indicating that large holders are stockpiling ammunition to prepare for a dump!
2. Three major technical indicators!
1. MACD feigned a move: DIF (-0.12) crossed above DEA (-0.38) seemingly forming a golden cross, but the MACD bar is only 0.26, weaker than paper! Historical data speaks: a true rebound needs the MACD bar to break 0.5 and DIF to turn positive; right now, it's purely a retail investor's placebo.
2. Volume exposes the trick: current two-hour trading volume is 72,000, less than a quarter of the 5-day average volume (320,000), but on-chain exchange net inflows surged by 25%. This script is familiar — retail panic withdrawing funds, institutions quietly accumulating, a classic calm before the storm!
3. News is a tale of two extremes: Vitalik just announced the progress of the EIP-4844 upgrade, and immediately the U.S. CFTC is rumored to ban DeFi derivatives, causing a sudden collapse across the board. Now the market sentiment index has dropped to 23 (extreme fear), and the bulls are running out of fuel quickly!
Remember! When others are fearful, I am greedy; those rushing in now are either geniuses or fuel!
