ETH Dark War 4000! On-chain nuclear-level signals explode, the 5-minute K-line hides the wealth secret! Crypto wolves! Don't let your eyes pop out like fireballs!
The ETH 5-minute K-line is staging a 'Survival of the Fittest', on-chain funds are tearing at chips like hungry wolves, and the Bollinger Bands are about to burst! If you don't dig into the details now, you can only slap your thigh and bang your head against the wall when it skyrockets tomorrow!
From a technical perspective, the bulls are charging with the 'Golden Cross Blade'! The Bollinger Bands (20,2) are tightly locked in the 3957-3980 range, MA7 and MA30 have just completed a 'Golden Cross', piercing the throats of the bears like two blades! The Fibonacci 38.2% support (3933) has already been crushed, and the 1.8% key level (3961) is being tested wildly. Once it breaks through the 8.6% pressure level (3981), the previous high of 4006 is just a paper wall, easily pierced!
What's even more incredible is that the support at 3903 is as solid as welded rebar; do the bears want to smash the market? They better ask if the on-chain whales will agree! On-chain data shows that whales treat chips as their life!
Exchange ETH balances have plummeted for 3 consecutive days, and the chips in big wallets have piled up like 'Himalayas'! Futures positions have surged by 20%, but the long-short ratio of 1.8:1 is strangely inverted; this is not speculation, it’s blatant money grabbing! Gas fees have suddenly plunged, DeFi locked positions have skyrocketed, and smart money has long sniffed the super benefits of the Cancun upgrade and secretly bottomed out!
On the news front, interest rate cuts + deflation, dual bombs are detonated! The expectation of the Federal Reserve's interest rate cut has begun to ferment in advance, and US tech stocks are celebrating collectively, with ETH fully correlated with Nasdaq! Even more intense is that after the ETH Shanghai upgrade, the staking rate has surpassed 28%, and the deflation engine is roaring at full power; shorting at this time? It’s no different from sending yourself to death!
This wave is definitely targeting 4100! ETH has only two scenarios ahead, the explosive script breaks through 3980, rushing towards the 4100 mark, and the pullback script tests 3934 for support confirmation before opening the crazy bull!
But as long as it doesn't drop below the death line of 3903, the bulls are like warriors on steroids, rubbing the bears into the ground!
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