Last night, ETH staged a textbook-level death bungee jump. At 22:30, the US stock market opened, and ETH plummeted from 3200. Just as retail investors panicked and sold, whale funds suddenly surged in, pulling the price up by 200 dollars in 4 hours! The candlestick chart directly formed a golden deep V! How many shorts were liquidated by this operation? Will ETH continue to surge today or pull back to gather strength?

First, let's look at the news:

Monitoring data shows that BlackRock received 16,930 ETH 5 hours ago, along with 153 BTC transferred in during the same period, totaling an inflow of 67.48 million USD! It's worth noting that BlackRock is a global asset management giant, having applied for a Bitcoin ETF last year. This large-scale purchase of ETH clearly indicates a vote of confidence. But be careful! Last time, a large whale sold ETH at a similar price level, causing the market to plummet. Are institutions genuinely optimistic, or is it a 'left hand selling to the right hand' smoke screen? Is BlackRock's move a long-term accumulation, or a short-term pump followed by a dump? Is this a peak or a bait for more buying? Let's directly tear open the technical armor to see the truth!

Let's look at the technical aspect again:

Ethereum is currently stuck at $3174, with only $196 left to the pullback pressure at $3370! There's also a high pressure at $3660 blocking the way up, like a big mountain! Below, $3120 is the key defensive line, $2980 is the rebound springboard, and $2740 is the iron bottom where the market is directly locked into the up-and-down elevator!

Indicator signals are even more exciting! The MACD white and yellow lines formed a golden cross below the 0 axis, and the red bars are starting to rise; all three RSI lines are above 60. Although it's close to the overbought red line, it hasn't gone parabolic, indicating that buying enthusiasm is high but not crazy!

Looking at the BOLL bands again: the upper band is 3327, almost touching the 3370 resistance level, the middle band at 3050 is the demarcation line between bulls and bears, and the lower band at 2773 firmly supports the big bottom at 2740. This trajectory is clearly drawn!

BlackRock's bottom-fishing + MACD golden cross is like a double accelerator, but the 3370 resistance + high RSI seems to be saying don't step on the accelerator too hard, first hit the brakes and look at the road! With the RSI already at 60+, can ETH surge to 3370 in one go? If you're unsure about the price level, you can follow Zitan and participate in every attack by the villagers of Zitan! Zitan will announce the specific entry times and real-time news in the village every day!

Personal opinion: Ethereum's recent operations are too flashy! BlackRock secretly hoarded a five-digit ETH, directly injecting a shot of adrenaline into the market, with strong bullish sentiment in the mid-term, and the MACD golden cross + increased volume is like adding fuel to the fire! But in the short term, there's a hidden barrier: a vague pressure zone is looming overhead, and the current price is almost two foot accelerators away from it. The RSI has quietly climbed above the 60+ red line; although buying pressure is strong, we must guard against insufficient momentum!

There is an elastic support area hidden below; if it pulls back, it can hold most of the chips. Want to know how I, Zitan, led my friends in the village to avoid needle spikes and set precise ambushes?

Follow Zitan and participate in every attack by the villagers of Zitan! Zitan will announce the specific entry times and real-time news in the village every day! BlackRock's long-term bullish stance is obvious, but in the short term, is it a direct strike or a fake fall to gather strength? The key is to see if the buying pressure can withstand the psychological test of the pressure zone!#BTC #ETH