ETH plummeted through a key level overnight! Is tonight a time to escape or to buy the dip? Fuqi explains in 3 minutes
Brothers, I just looked at the $ETH market, and the situation is a bit serious. In one hour, it dropped from 3099 to 2805, 300 points disappeared just like that! The price is now hovering around 2840, but three danger signals have already lit up.
I. News: Three things are brewing
Although it does not create panic, one must see the reality clearly:
Yearn Finance has been hacked again, affecting confidence in DeFi
Regulatory scrutiny is tightening, and funds may be on the sidelines
Market panic sentiment is evident and prone to overreaction
II. Technical Analysis: Two positions determine life and death
Talking with pictures, now just look at these two positions:
Resistance level: 2866 (previously support, now it has become an iron top)
