Last night, ETH staged a textbook-level death bungee jump. At 22:30 when the U.S. stock market just opened, ETH started to plunge straight down from $3200. Retail investors were scared and frantically cutting losses to exit, when a mysterious giant whale suddenly swooped in to buy. In 4 hours, it forcibly pulled the price back from around $3000 to $3200, creating a golden deep V on the candlestick chart! So tonight, will ETH continue to skyrocket or pull back to gather strength? Follow Youyuan as she breaks it down in plain language!

First, let's look at the news:

The Ledger address received 16,930 ETH + 153 BTC 5 hours ago, totaling a whopping $67.48 million! What does this mean? It's like stuffing $370,000 into ETH every minute! Why are institutions making big purchases at this time? Do they think the bottom at 2740 is too cheap to ignore, or do they know something good is coming? Why is BlackRock not waiting for a pullback to 2980 before buying? Do they know the 3370 resistance level will break?

Looking at the technical side again:

The technical indicators have potential this time; the MACD's yellow and white lines just formed a golden cross below the zero line, like stepping on the gas; the RSI values are all around 62, warm but not overheating, with a river still separating it from the overbought area. This golden cross is the gas pedal, the RSI is the thermometer, together they indicate momentum but not overheating, yet the speed limit sign at 3370 stands out clearly; wanting to stomp on the gas? You'd better check if there's enough money to burn!

The current price is stuck at 3174, with the rebound pressure at 3370 just 152 points above us, like climbing stairs, it looks close but feels tiring. Looking further up, the big mountain at 3660 is suffocating, but there are three steps to support below: 3120 just stabilized, 2980 like a springboard, and 2740 is the floor price; if you can't step firmly, don't expect to jump up!

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Personal opinion:

BlackRock has entered with 16,900 ETH; in the short term, ETH has backing, and the MACD golden cross also suggests a rebound is possible. However, there is considerable pressure around 3370, with the upper Bollinger Band and trapped positions clustered together; to break through, we need to see if the volume can be strong enough. If buying pressure doesn't keep up, a pullback to support is not impossible.

Are the whales optimistic for the long term or just short-term trading? Tonight's market is crucial! Want to know specific points and operational strategies? Follow Yuanyuan; Yuanyuan Village specifically serves ambitious villagers! Become a villager of Yuanyuan, and Yuanyuan will guide you through the market's thorns.