Latest Market News
Current price: 3,121 USDT (24-hour increase +3.58%)
ETH/BTC exchange rate: 0.0267 (6.01% surge in 24 hours), strongly outperforming Bitcoin!
News: Institutional whales’ “buy, buy, buy” vs. “lock in profits”
Institutions are frantically hoarding goods:
SharpLink spent another $15.86 million to buy 5,188 ETH 10 hours ago. In 30 days, it has accumulated 300,000 ETH (average price $2,701) and made a floating profit of $130 million!
A mysterious whale withdrew 80,000 ETH (worth $251 million) from Kraken at an average price of only $2,801, clearly locking up the funds and waiting for takeoff.
The take-profit signal emerges:
Trend Research (owned by boss Jack Yi) started to unload leverage after the price broke $3,100: it sold 22,289 ETH (about $68.55 million) today to repay the loan and put the money in pocket.
The whale band party sold 15,000 ETH in 8 hours through Wintermute, with a cumulative profit of 30.45 million US dollars in three bands, and continued to make money with the remaining 45,000 ETH.
Policy News:
The vote on the U.S. crypto bill was blocked, and the House of Representatives failed to pass three key bills including stablecoins, leading to short-term bearish expectations.
JPMorgan Chase and Citigroup announced the issuance of stablecoins, accelerating the entry of traditional finance, which is beneficial to the ecosystem in the long run.
Technical analysis: A triangle breakthrough is imminent, but beware of pin spikes!
Trend pattern: The daily ascending triangle is formed, the $3,019-$3,100 resistance band is strongly broken, and the target is $3,400!
Key Locations:
Support: $2,933 (intraday strength and weakness dividing line) → $2,800 (trend lifeline)
Resistance: $3,256 (Fibonacci 0.618) → $3,400 (ultimate target for bulls)
Sentiment Indicators:
Contract long-short ratio>2.4 (Binance big players bet madly on longs)
4-hour RSI negative divergence! Short-term correction pressure increases, Bollinger Bands open wider, and volatility soars.
Friends who followed Lao Zhu yesterday have already made money. The opportunity is fleeting, and a correction is imminent. Buy the bottom and arrange spot positions. Huge profits from altcoins are waiting for you! Doubling your money is not a dream. Follow Lao Zhu’s public account and enjoy the bull market feast together!
