Black swan flapping its wings
ETH plummets!
Middle East conflict + technical dead cross
Is the crypto circle bleeding profusely?
Latest news: Middle East conflict burns into the crypto circle
Israel strikes against Iran:
Recent undercurrents in the Middle East situation. The risk of war between Israel and Iran continues to rise, escalating the conflict, leading to a surge in global risk-averse sentiment, with funds possibly flowing from risk assets (such as ETH) to gold and the dollar, further suppressing coin prices.
Federal Reserve interest rate hike expectations 'turning back':
Expectations for Federal Reserve interest rate hikes are rising, the strong dollar suppresses the crypto market. However, under liquidity easing, some funds are still tentatively bottom fishing after ETH's plunge, creating a tug-of-war between bulls and bears.
Ethereum Pectra upgrade delayed:
The upgrade originally scheduled for Q2 has been postponed to Q3 due to testnet vulnerabilities, technical benefits have fallen through, market confidence has been hit, and ETH ecosystem funds are diverting to BTC.
Technical correction: Four-hour K-line deadlock
Crash channel confirmed:
Bollinger Bands trumpet opening wide (lower track 2323), price breaks the track and is oversold, but the middle track suppresses 2600 becoming the ceiling for the rebound.
MACD dead cross green bars surge, bear momentum fully opened, rebound is an escape opportunity (unless breaking 2600 with volume).
Bull-bear lifeline:
Support level: 2455 (intraday low) → 2300 (strong support for the wave); Pressure level: 2500 (psychological barrier) → 2600 (iron top of the middle track).
Explosive volume, panic selling causing a stampede to escape, caution required for a rebound against potential secondary selling pressure.
Operation summary:
Risk control first, watch more, act less
Scene action logic plummeting to 2300, light positions for a rebound (10% position, stop loss 2280)
Oversold recovery + Bollinger Bands lower track
Support rebounds to 2500-2550, short positions enter/long positions stop loss pressure zone + Middle East risks not yet resolved, breaking 2600 with volume, wait for trend reversal signals, dead cross not reversed, high risk of false breakout, bottom fishing or escaping? The Middle East conflict is not extinguished, technical dead cross a chokehold, ETH hangs by a thread at 2300! Pay attention to Friday's U.S. CPI data, which may become the fuse for the bulls and bears showdown!
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