Brothers, are you up? This ETH wave is too exciting, I must call you to come and see it right away!
Last night, the crypto circle completely exploded - that ancient Bitcoin whale who has been asleep for 8 years woke up! He directly smashed 160 million dollars in the 2900~3000 range, using 5x leverage to buy ETH at the bottom! This move directly caught the attention of the entire network. But if you take a look at the 4-hour candlestick chart, the MACD actually faced the whale's bullets and hard crossed bearish, who would dare to believe this script?
This whale is not an ordinary trader, known as the "Policy Prophet." During the flash crash in October, he accurately opened a short position a few hours in advance, making nearly 100 million in profit; every time he acts, it’s as precise as Trump tweeting or U.S. policies being implemented. This time, daring to leverage around 2900, either he has sniffed out a super bullish signal, or... he’s setting a luxurious trap for everyone.
The technical analysis is even more precarious:
Currently at 3075, with a strong resistance at 3200-3270 above, like a ghostly gate; below, there is a double support waiting to catch the knife at 2900-2750. The MACD bearish cross is flashing red lights, short-term selling pressure is obvious, but the trading volume is secretly expanding, and the chip peak is densely moving downwards, someone is secretly absorbing goods!
In summary: The whale acts as the commander of the bulls, while the technicals signal a bearish warning. 3200 is the current threshold, whether it can leap over it depends on whether this 160 million in real money can withstand the selling pressure. If it can’t hold, a retest at 2900 is also possible.
Tonight is the true king's return, or a trap to lure in the bulls before a plunge? $ETH
