ETH Life or Death 3883! Tonight this number determines whether you feast or get slaughtered

Last night’s plunge in ETH had many people sweating while staring at the screen. Don’t rush to curse, let me break it down for you as an old hand who has been monitoring the market for five years — the crypto world has never been a casino; it’s a life-and-death game of human nature and capital!

The truth behind the crash: news hit hard + technicals added insult to injury

The news directly flipped the table:

Last night, it suddenly spread that 'the U.S. SEC is going to strictly investigate DeFi platforms,' causing large funds to panic sell overnight, leading ETH to plummet. On top of that, tensions in the Middle East escalated, causing Bitcoin to crash as well, and the entire crypto market plunged into panic — the market was directly scared stiff!

Technicals added insult to injury:

The critical level of 4140 was pierced by a large bearish candle, causing the bullish defense line to collapse; the moving average system has all turned down (the yellow, purple, and gray lines collectively bowed their heads), and a bearish trend has formed; MACD has a death cross + green bars are shortening, with bearish energy still amplifying; the Bollinger Bands are opening downwards, and prices are being pressed down.

Tonight's line of life and death: 3883! Only by holding can there be hope

Currently, ETH is barely holding around 4080, but don’t rush to buy the dip!

Upper pressure: 4140 (the level breached last night, now becomes the ceiling); lower lifeline: 3883 (once it breaks with volume, it will trigger panic selling, heading straight for 3800!).

Main funds’ movements: large funds are fleeing, retail investors are holding firm

Looking at the right side of the order data:

There are 85 ETH sell orders stacked around 4084, with large funds pressing prices to sell; buying is sparse (order volume 0.0X), and all the buyers are retail investors.

Better to miss out than to make a mistake!

Short-term traders:

If the rebound doesn’t exceed 4140, reduce positions at highs; if it breaks 3883, decisively stop-loss, don’t fight against the trend!

Bottom-fishing party:

Hold your hands! Wait for two signals: MACD green bars turning red + golden cross (bearish to bullish); stabilize above 4140 with volume (confirming a bullish counterattack).

The negative news hasn’t fully played out, and the technicals are under bearish control. Tonight’s core focus is the defense battle at 3883 — hold it to have a rebound; if it doesn’t hold, those who run fast feast, and those who run slow get slaughtered!

Five years ago, I also suffered this kind of loss: back then Ethereum dropped below 3000 points, and I stubbornly held on without stopping my losses, resulting in a cut at half price. Now I’ve learned to be smarter — if the trend is wrong, the first thing is to run for safety!

Follow me, and I’ll notify you in advance before the next crash! Let’s enjoy the bull market feast together! #杰克逊霍尔会议