Violent Surge! ETH Breaks $3500, Short Sellers Suffer $120 Million
Friends, the moment to slap your thighs has arrived! Ethereum has surged violently today, with a big green candle piercing the $3500 mark, setting a new high since the crash in January this year! A daily increase of 3.81%, and the short sellers are wiped out on the liquidation list—$120 million has evaporated.
1. Whales + Technical Factors Driving the Surge
On-chain evidence of whale activity: Last night, a large transfer of 52,000 ETH suddenly occurred, triggering a buying spree on exchanges.
Key technical breakout levels: Strong weekly breakout of the descending trend line, daily MACD golden cross with volume, and consecutive breakouts of resistance at 3450/3480, with bulls completely in control.
2. Significant Split in Market Sentiment
1. Bullish Camp:
ETF Expectations Rising: The SEC suddenly requested Grayscale to update the ETH spot ETF filing, signaling the countdown for institutional entry.
Staking Lockup Hits New High: Staked amount on the beacon chain surpasses 32 million ETH, with circulating supply continuously tightening.
2. Risky Hidden Dangers:
Derivatives Greed Alert: ETH perpetual funding rate has soared to 0.12%, reaching a three-month peak.
Whale Address Selling Pressure: A market maker address starting with 0xaa sold 11,000 ETH within half an hour.
3. A Heartfelt Statement:
Missing out is more painful than being trapped—but FOMO chasing after prices can be fatal. Keep an eye on the fund flows of Bitcoin ETFs like ARKB after the US stock market opens tonight; if institutions continue to accumulate, ETH’s next target is directly aimed at $3800!
Operational Discipline: Better to miss out on $3500 than to get trapped at $3600. Keep your bullets ready and wait for a pullback!
