A ten-year veteran in the cryptocurrency world helps you see through the market —

1. Whale reduction adds uncertainty to ETH bullish and bearish.

On-chain monitoring shows that the whale that rolled over $125,000 to go long on ETH has again reduced their position by 1300.47 ETH, with both liquidation prices approaching $4177. This action represents the whale's 'passive defense' amidst market fluctuations and adds fuel to the market 🔥.


From the ETH 4-hour K-line, the price is fluctuating around $4336.95, having entered an adjustment period after the rebound in July. The whale's reduction and the approaching liquidation price mean: if ETH breaks below $4177, whale positions may face liquidation, leading to a chain reaction of selling pressure; if it holds the support, the whale's 'dull knife cutting meat' operation will also affect short-term bullish and bearish sentiment.

(1) Key support and resistance

  • Support levels: $4177 (whale liquidation price), $4077 (Fibonacci 0.5 retracement level). If the price stabilizes after retracing to these levels, it is a signal for buying low.

  • Resistance level: $4400 needs to break out with volume, otherwise it is likely to encounter resistance and fall back.

(2) Strategy recommendations

  • For holders: Set stop-loss levels. If ETH breaks below $4177, decisively reduce your position to avoid being wiped out by whale liquidations; if it holds the support, you can hold and observe, waiting for rebound signals.

  • For observers: Don't blindly try to catch the bottom; wait for clear signals of 'breaking resistance / confirming support' before entering for a more stable approach.

3. During the chaotic market period, keep up with the rhythm to avoid pitfalls.

In a volatile cryptocurrency market, whale movements are an important reference, but don't let them lead you astray. Follow me for daily breakdowns of on-chain data and K-line trends, helping you understand the logic of long and short battles, and operate steadily during the chaotic market period 💪.


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