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🦅 FLYFISH EMERGENCY NIGHT MESSAGE (Ethereum Bloodbath Major Breakdown): ETH Plunges! Breaks below 1,800, is this the end of the bull market or the master’s epic “Golden Squat”?
Brothers, good evening! I am Flyfish. The recent market can only be described as “horrific,” with Bitcoin plunging from high levels, and Ethereum (ETH) becoming the hardest hit area, with longs facing extremely brutal and merciless liquidations! #ETH $ETH
Currently, Ethereum’s price is firmly held around 1,755 in a very weak oscillation. Setting aside the panic and despair across the entire network, we will purely use the coldest, most hardcore naked K-line technical analysis to directly dissect the true bottom cards of the main force. Take this report and send it directly, see the critical line of change, and never use it as fuel for cleaning at high levels!
🔥 Deep review of the latest situation (directly exposing the main force’s bottom cards)
Weekly and daily levels (abyss-level decapitating cleaver): Watch the weekly chart, ETH has entered an extremely harsh unilateral vertical free fall, with a weekly drop of up to 12.70%! The daily chart shows continuous massive bearish candles, ruthlessly tearing through the two core strategic defenses of 2,000 and 1,800. The short-term bullish structure has been completely destroyed, and the market is in a state of extreme panic and stampede.
4-hour and 1-hour levels (death staircase decline): The chart shows a standard “step down” pattern, with bulls trying to organize rebounds, but each high point is precisely lowered. After breaking below 1,800 with increased volume last night, it triggered a chain of liquidations.
15-minute level touching local liquidity pockets: The short-term low point was precisely pegged near 1,735. Currently, it is oscillating around 1,755 for oversold recovery, although there is slight capital attempt to bottom fish, the rebound volume is severely insufficient, and there is a risk of a second bottom at any time.
Steady your mind: Feeling scalp numb from the fall? Completely broaden your perspective! The macro bull market’s fundamental tone on the large cycle still exists as long as the long-term bottom is not broken. The current bloody plunge is the most ruthless deleveraging action before the main force enters a new round of shakeout. Strictly follow trading discipline, avoid blindly catching flying knives on the halfway ascent!
1. Core support and resistance levels (hardcore precise calculation version)
🟢 Support levels
Short-term support:
1,735: Immediate support. The lowest spike in today’s waterfall decline, the first line of defense for bulls to hold.
1,700: Strong support. An epic psychological barrier of big integers, a strategic battleground fought over repeatedly by bulls and bears.
1,650: Core support. The most solid previous turnaround bottom platform on the daily level.
Mid-term support:
1,600: A strong structural defense line for large cycle retracements.
1,500: The super iron bottom under the pyramid pattern.
1,350: The ultimate long-term bull moat on the macro large cycle.
🔴 Resistance levels
Short-term resistance:
1,780: Immediate resistance (top-bottom conversion). The strong support platform just violently broken through by volume, now the first ghost gate of rebound.
1,820: Strong resistance. The resistance center during the short-term 1-hour downward channel.
1,880: Core resistance. The previously broken defense line, only returning here can ease the short-term panic and retreat.
Mid-term resistance:
2,000: The key dividing line of strength and weakness in the 4-hour crash.
2,120: The heavy distribution zone for medium-term re-entry into the main bullish wave.
2,400: The absolute explosion source of the previous large box structure.