ETH 2878 High Ground Massacre Full Review: 50,000 ETH Whale Dumps, 380 Million Longs Vanish! Two Life-and-Death Lines for the Market Exposed
Blitzkrieg
① Institution Raid (21:30-22:15)
Instant surge of 3.8% to $2878.59
1.2 billion USD shorts exploded across the network (Bybt data)
Market trap: 10,000-ton sell orders appeared three times at 2870 (single order > 5000 ETH)
② Crash Moment (23:45-00:30)
Price plummeted vertically, breaking the psychological barrier of 2800
Dropped to a low of 2742.09, with 380 million liquidated in 24 hours
Deadly Culprits:
Grayscale associated address transferred out 50,000 ETH (can be checked on Etherscan)
SEC postponed BlackRock ETF decision
Funding rate soared to 0.15% (extreme greed signal)
Technical Death Code
1. Three Peaks Top Pattern
Three failures to break through 2870, confirming daily top
MACD top divergence death cross (first time in three months!)
2. Support Level Collapse Record
Price Break Time Selling Pressure Scale Consequence
2800 23:52 2000+ ETH sell orders per second Bull army's psychological collapse
2766 00:15 On-chain whales dumping Triggered algorithmic stop-loss wave
3. On-chain Blood Flow
Exchange ETH stock surged by 80,000 in one hour
Whale accounts concentrated transfer out (single order > 10,000 ETH accounts for 63%)
Future Market Plan
Short-term Life-and-Death Line (48 hours)
Bullish Coffin Board: 2740 (breaking must kill towards 2680)
Reversal Signal: Recapture 2766 with increased volume (needs to be accompanied by USDT premium recovery)
Medium-term Nuclear Bomb Warning
Weekly Evening Star: If this week closes <2700, crash channel opens
Miracle Condition: Daily stabilizes above 2850 + breaks 2878
Blood and Tears Warning: Among the accounts that were liquidated last night, 87% had no stop-loss set, and 92% used 10x+ leverage!
This article is only market analysis
Today
Bottom Fishing Forbidden Zone: Prohibited from catching below 2740 (wait for 2680 test)
Shorting Timing: Rebound to 2780-2800 range (with RSI overbought)
Death Operation: Betting against the trend for a rebound + leverage > 5 times
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