Family! The trend of ETH tonight has already sounded the alarm on the technical front! 📉 From the upper Bollinger band (4716 USD) it fell to the middle track (around 4503), this surge and fall is clearly the main force 'dumping chips' at a high. The MACD red bars are shrinking, and the DIF and DEA double lines are approaching a dead cross—a definite short-term bearish signal! What's even more painful is that the trading volume hasn't increased to follow the rise (the 5-day average volume is only 440,000, even lower than the 10-day average volume), indicating that large funds are on the sidelines; retail investors, don't foolishly catch falling knives! 💸
Key technical points to keep an eye on:
✅ Resistance level 4700: Today's two rebounds didn't hold; if it can't break through tonight, it will be an opportunity to add short positions!
✅ Life and death line 4500: Middle track + integer level double support, breaking below directly looks to 4400!
✅ Breaking point 4438: If the previous low is broken, a waterfall market may directly drop to 4300!
The news is even more exciting!
1️⃣ The US SEC is going to make waves tonight! Rumor has it that the approval of the ETH futures ETF may be delayed, and the whales love to use news to smash the market!
2️⃣ Major risk linked to Bitcoin: If BTC falls below 60,000 USD, ETH will definitely be dragged down!
3️⃣ On-chain data warning: Whale addresses are transferring funds madly above 4700, suspected of unloading! 🐳
Operation strategy:
▪️ Aggressive: Short near 4700, stop loss at 4750, target 4500!
▪️ Conservative: Wait for a break below 4500 to short, or a volume breakthrough above 4750 to go long!
▪️ Spot bottom fishing? Don't rush! Wait for MACD to turn green + stabilize on the middle track before taking action!
⚠️ Remember! Bull markets can drop sharply, but don't be fooled by 'cheap' prices! Focus on the 4500 battle tonight 🚨
👉 The BoFu team specializes in serving ambitious lunatics! Follow BoFu to navigate the market through thorns. How much do you think ETH will drop to tonight? Welcome comments in the comment section.