This surge in ETH resembles a rocket rushing to be born, but the 4370 resistance level is like an iron plate. Institutions spent 800 million in bullets last night, and today Trump's shout scared gold down again. This drama in the crypto world is even more thrilling than Hollywood!
Market Analysis
Resistance Level 4370: This was the peak point of last night's institutional surge and the last psychological defense line for bulls. To break this level, new large funds must enter the market.
Key Level 4250: This level is like the 'Chu-Han boundary' in the crypto world; it must hold for a rebound to be considered. If it breaks, we will test the support below.
Support Level 4150: This is the last 'lifeline' for bulls. If it effectively breaks down, it may trigger a technical sell-off.
News Analysis:
The Truth Behind Last Night's Surge
The violent spike at 9:30 PM last night was not due to retail investors FOMO, but rather institutional bigwigs pouring real money into it—800 million in funds flooded into ETH within half an hour, directly breaking through the 4300 resistance level. On-chain data shows that large whales swept up 210 million USD in ETH through channels like Galaxy Digital and FalconX. Even more aggressive was the tech company SharpLink, which converted 200 million USD in capital increase into 52,000 ETH, all staked and locked up, clearly indicating a bullish long-term outlook. This operation was like installing a turbocharger on ETH, causing the price to soar.
Reasons for the Decline
At midnight, Trump suddenly announced 'no tariffs on gold,' causing gold to plummet 2.5% instantly, dragging ETH down with it. But don't forget, ETH now has institutional ETF support and the underpinning logic of staking and locking, and its safe-haven attributes have diverged from gold. After digesting the short-term bearishness, it may rebound quickly.
Technical Analysis:
RSI 81.94, although MACD has crossed bullishly, the fast and slow lines are narrowing, and the trading volume is still below the 5-day moving average, indicating that chasing high is starting to make funds hesitate.
Key Level Game: 4370 is a strong resistance on the 4-hour level, 4250 is the dividing line for bulls and bears within the day, and 4150 is the last defense line; breaking these levels may trigger panic selling.
Long Brother's Opinion:
Aggressive Traders: Lightly test long positions in the 4250-4280 range, set stop-loss at 4230, target 4350.
Conservative Traders: Wait for a pullback to the 4180-4200 range to build positions in batches, set stop-loss at 4120, long-term target 4500+.
Contract Users: Be sure to set your stop losses! Current volatility is soaring, and be cautious with leverage above 10 times.
The crypto world changes rapidly, I am Long Brother, helping you dissect candlestick charts and breaking news every day. Next time, I will share an in-depth analysis of the impact of Trump's speech, so hurry up and follow me, don’t miss the opportunity!#ETH🔥🔥🔥🔥🔥🔥
Bull markets are fleeting, and what you lack is never opportunity, but the courage to pull the trigger! Follow Long Brother, and let me assist you.
