Dear crypto friends, I am Zhao Gongming. $ETH Is this market making you drowsy? Prices seem to have been drained of their strength, languishing. But just now, there was a bizarre data point: 15,000 ETH was withdrawn from exchanges in one day! Is this the main force secretly buying the dip, or the calm before the storm? Follow Zhao Gongming, and I will help you see through the fog.
News: On one side is 'withdrawal accumulation', on the other side is 'capital outflow'
In the past 24 hours, major exchanges have seen a net outflow of 15,200 ETH, especially Binance, which saw an outflow of 26,000 ETH. This is often interpreted as 'whales withdrawing coins to accumulate', which is a potential long-term bullish signal.
Spot and contract funds: both are experiencing net outflows in the short term. This indicates that the active funds in the market are still choosing to sell or withdraw, not believing in an immediate rise.
This creates a contradictory picture: long-term players may be quietly accumulating, but the short-term market is dominated by pessimism and selling pressure. The direction of prices depends on which side, short-term selling pressure or long-term buying, exhausts first.
Technical aspect: The bears control the entire scene, and rebounds are all 'escape slopes.'
No matter how nice the long-term story sounds, the short-term candlestick is the most real. The 1-hour chart shows that ETH is firmly pressed in a downward trend, and all the indicators you can see, from 1 hour to 1 week, uniformly indicate 'strong sell.' It is currently trapped between several key positions:
Upper iron top: 3000 (the watershed between bulls and bears, breakthrough is needed to alleviate pessimism)
Lower abyss: 2945 (weak support, collapses with a touch), 2800 (previous low area, strong support)
The MACD is below the zero line with a death cross, the green bars have turned to red, and the downward momentum is still strengthening. The technical aspect has not given any reversal signals; each rebound towards 3000 feels like a 'retreat slope' set by the bears. If Zhao Gongming's analysis of 'ignoring the story and focusing on the market' appeals to you, please follow us as we only follow the trend.
Zhao Gongming's views and operational suggestions
Zhao Gongming's judgment is: it is difficult for ETH to organize an effective rebound before the short-term selling pressure is fully released, and it is more likely to continue looking for support downward. The core range tonight is 2945-3000, but the focus is shifting downward.
Advice for those still holding long positions: face reality. It is recommended to use any rebound in price to the 2980-3000 area as an opportunity to decisively reduce positions. The trend is not right; preserving capital is victory.
Advice for those looking to open new positions: the only correct approach is to short on the rise. You can lightly position short orders when the price rebounds to the 2970-3000 resistance area, with a stop loss set above 3030. The first target is 2945, and if it breaks, look for 2900 or even 2800.
Key action point: Unless the price breaks strongly with huge volume and stabilizes above 3020, all rises are seen as traps for the bulls; focus on the support at 2945, and once it breaks with volume, the pace of decline will accelerate.
If you don't know the specific entry timing and exit points, as well as the fans holding positions can follow Zhao Gongming, who will announce daily coin types and entry points as well as exit timings in the chat room!#ETH走势分析 #加密市场观察
