#Gate广场五月交易分享

If Bitcoin is a heavyweight champion in the boxing ring, then Ethereum is now a sparring partner whose feet are tied with ropes—only able to take passive hits, occasionally throwing a symbolic punch in sync with Bitcoin’s rhythm.
Embarrassing reality: ETH/BTC exchange rate has dropped to an unwatchable level.
This round of rebound is entirely thanks to the big brother Bitcoin breaking 80,000; it has no backbone of its own. Every time it hits $2,420, it feels like hitting an invisible wall.
The only good news is: the daily chart still shows a large bottom structure. As long as the $2,150–$2,200 lifeline doesn’t break, the bulls can still blow the horn of “catch-up rally.”
Three “hard data” keep the bulls pressed to the ground and rubbing against it.
1 Technicals are dead: rising wedge broken downward, next stop $1,830? On May 8, ETH broke below the ascending wedge’s lower boundary that had held for months. Analysts unanimously agree that if the triple support at $2,150–$2,200 (the 100-day moving average + channel lower boundary + dense chip area) doesn’t hold, then $1,830 will no longer be far away.
2 Whale “massacre”: three days of wildly smashing 244,000 ETH into exchanges! An address linked to big shot Garrett Jin transferred 244,000 ETH to Binance in three days, directly dropping the price from $2,423 to $2,277.
You should know, this big shot precisely shorted and liquidated $1.1 billion last October. This time, he wildly sold off, and the market was stunned. Even more terrifying, holding between 1,000 and 10,0