ETH recently rose to 2700 dollars but couldn't break through; it's like climbing halfway up a slope and your legs gave out, resulting in a direct fall back to 2400! Technical analysts had long warned: the MACD death cross clearly indicated a cut on retail investors, and people in the group shouted their lungs out to set stop-loss orders at 2450, but a bunch of people stubbornly didn't believe in evil!
The SEC is about to decide whether Ethereum ETFs can earn interest staking, and the whole network is betting on it. But anyone with eyes knows—these old officials have dragged the Bitcoin ETF for 10 years; will ETH get any good treatment? Yesterday, Grayscale directly ran off with 300 million dollars, clearly indicating that institutions are retreating in advance! Furious: Where's the promised bull return?"
Here's a bloody case: a big player opened a 50x leveraged short position on Hyperliquid, directly triggering a liquidation of 160,000 ETH, evaporating 300 million dollars! This is not trading coins; it's clearly a real-life (Squid Game)! Shivering: "Leverage traders die thoroughly; I don't even dare to hit the contract button..."
On-chain data shows that several whale wallets went crazy stuffing ETH into exchanges yesterday; the more the price drops, the happier they are. What's more disgusting is that on the Bitcoin side, there's talk of 'state governments hoarding coins,' and all the funds have been siphoned away, leaving ETH looking like a neglected wild child, the behavior of the market makers is too ugly!
Should I bottom out now or escape? Follow me, I'll let you in on a secret: on-chain whales have already started hoarding..."