#加密市场回调 Coin friends! ETH plunged from 4700 to 4452 last night, then violently pulled back to 4635. In the 1-hour chart, the KC middle track, moving averages, and MACD three lines are in a squeeze. Is this wave a 'real counterattack' or a 'trap for the bulls'? You will understand it at a glance!

Technical core signals

KC Channel: Current price is below the middle track at 4696; a breakout targets the upper track at 4779. If it falls below the lower track at 4612, the 4452 support may face another impact.

Moving Average Game: The 7-day moving average at 4682 is about to golden cross the 30-day line at 4711, deciding the outcome of 'trend reversal' or 'continuation of the decline'.

MACD Anomaly: DIF is soaring close to DEA, a golden cross is imminent, but weak volume hides risks!

Hidden drivers for explosive rise / drop

On-chain bottom fishing: During the plunge, whales aggressively bought 120,000 ETH, with a clear wash signal;

Cancun Upgrade: Layer2 performance exceeds expectations, becoming a 'powder keg' ready to explode at any time;

Macroeconomic Shift: Expectations for Federal Reserve rate cuts are rising, with funds accelerating back into crypto!