$ETH
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🚨 Major Players Exit — 2740 Becomes ETH's Final Lifeline 🚨
Last night, ETH pumped to 2880 — $120M shorts wrecked.
But 3 failed breakouts at 2870 + massive sell walls = clear rejection.
Bulls collapsed. 2800 snapped. ETH hit 2740.
👉 $380M liquidated in 24 hrs.
What Really Happened:
• Whales dumped 50K ETH near 2878
• ETF hopes crashed — BlackRock delay, institutions paused buys
• Exchanges squeezed the market — funding rate hit 0.15% at the top
Technical Breakdown:
• Triple top at 2870 + MACD death cross
• 2766 break triggered panic
• RSI deep in oversold = momentum accelerating down
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🔍 What’s Next:
Short-Term:
• If 2740 breaks → freefall to 2680
• Rebound fails below 2766? That’s your exit/short signal
Mid-Term:
• Weekly close < 2700 = bearish “Evening Star”
• Only bullish reversal: Strong break above 2880 + hold over 2850
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⚠️ Retail Traders Must Act Smart:
❌ No bottom fishing below 2740
✅ Weak rebound? Short it — target: 2680
📉 Heavy bags? Use bounce to reduce
🧨 CPI coming Thursday — cut leverage before it’s too late
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Core View:
Big players have already exited above 2870
Bearish momentum is confirmed
📌 Do only 2 things:
• Cut losses on breakdowns
• Short weakness on failed rebounds
#ETH #CryptoStrategy #BinanceP2P #MarketRebound #CPIweek
