Last night's rollercoaster market for ETH kept countless people awake all night! Watching the $2900 slip away, unable to hold $2800, it crashed right through the floor price! Behind it lies a shocking layout by the main players, this in-depth analysis will help you see through the mysteries of the future market at a glance!
Last night's panic moment recap
Lightning Charge: Institutional large orders suddenly ignited the market, ETH violently surged straight to $2878.59, with over $120 million in short liquidations across the network (Bybt data)!
Three Attack Curse: The price tested 2870 twice before surging again, guess what? Every time it approached 2870, there were tons of sell orders piling up (see the chart! The sell area was hit three times with heavy fire), the main players' retreat intentions are blatant!
Panic Moment: After the third charge failed, the bulls instantly collapsed! The price fell like a waterfall, with the psychological level of 2800 turning into paper, plunging to a low of 2742.09, with total liquidations across the network reaching up to $380 million in 24 hours!
The Truth Behind the Plunge: Main funds moved quietly
Fatal Three-Strike News
Grayscale Dumping Cloud: A single transfer of over 50,000 ETH suddenly appeared on-chain (checkable on Etherscan), coinciding with the high point of 2878, a clear signal of profit-taking by the whales!
ETF Expectations Cooling: The SEC suddenly postponed the decision on BlackRock's proposal, institutional funds slammed the brakes, and buying power shrank instantly (order ratio +0.5% → negative value)!
Leverage Slaughter: At the high point of 2878, the perpetual contract funding rate soared to 0.15% (anomaly!), and exchanges took the opportunity to explode long positions and cut retail investors!
Technical Death Patterns
2870 Becomes the Gate of Hell: Three failed attempts to break through formed a "Triple Top", with daily MACD showing a death cross divergence (technical nuclear bomb!)
2800 Paper Support: The so-called resistance level offered no resistance, the intraday chart showed a flood of sell orders per second when it broke (see the trading area! Large orders fled wildly)
Death Spiral Initiated: After breaking the critical support at 2766, panic selling trampled out, and RSI plunged straight into the oversold zone!
Future Market Life and Death Simulation: Focus on two key signals
>>> Short-term script (48 hours) <<<
Bullish Life and Death Line 2740: If it breaks down with volume, it will head straight for the strong support at 2680 (2024 upward trend line!)
The Only Hope for Reversal 2766: Must recover this level with volume (original support turned resistance), otherwise any rebound is merely an opportunity to escape! #美国CLARITY法案 #加密圆桌讨论 #X平台封号
