“ETH on the edge of a cliff, a big bearish candle can cause a collapse of bull market faith!”

Last night, the SEC dropped a heavy hammer: VanEck's spot ETF confirmation has been postponed to July 4th. Once the news broke, Grayscale's ETHE negative premium rate instantly expanded to 21%, and the on-chain alarm bells rang — a certain whale address deposited 82,000 ETH (about $210 million) into Binance, a magnitude sufficient to break through key support levels!

Look at the perilous trend on the hourly chart:
❶ MACD dual lines sank to the bottom, the rebound at 2589 was nailed down by a long upper shadow, a classic bull trap;
❷ The Bollinger Bands narrowed to $35 (the narrowest oscillation range in history), EMA7 crossed below EMA30 like a guillotine hanging over our heads;
❸ What's even more deadly is the order book data: 5800 BTC equivalent buy orders stacked at 2550-2566 (about $150 million), but there are $230 million of sell orders pressing above 2580 — the main force has set traps waiting for retail investors to charge.

I remember the tragedy of last September: it was the same ETF delay news + whale transferring coins, ETH plummeted 18% in three days. Back then, I was also shouting to buy the dip at 1600, only to be crushed by a chain reaction of liquidation orders down to 1420. Now the script is replaying, those brothers who placed buy orders at the 'iron bottom' of 2566, do you know that what the market makers love to exploit is the obvious trap?

Personal deduction of tonight's key points:
If Tesla's earnings report crashes before the US stock market opens, the probability of ETH breaking 2550 exceeds 70%, heading straight to the previous low of 2520;
Even if it stabilizes at 2560, 2580 has become a new iron top, and the rebound space is not enough for the transaction fee.

Finally, here’s a life-saving mantra: 'Don’t catch a knife in a waterfall, don’t buy the dip on a spike.' On-chain shows that the funding rate for derivatives is as high as 0.12%, indicating that the bulls are 'gambling for their lives'. I have already placed a stop-loss order at 2525, if it breaks 2550, I will cut half of my position — remember, those who survive in a bear market are all cowards! Only those who dare to show their delivery orders are real men!

Eat meat but don’t drink soup with the tycoons! Pay attention to 'Tycoon Trends', the bull market won’t wait, getting rich relies on action, not fantasy! Get moving now!