🦅 Fishy Evening Urgent News (Ethereum Bloodbath Major Breakdown): ETH Plunges Sharply! Breaks below 1,800, is this the end of the bull market or the master’s epic “Golden Squat”?

Brothers, good evening! I am Fishy. The recent market can only be described as “horrific,” with Bitcoin plunging from high levels, and Ethereum (ETH) suffering the heaviest losses, with bulls 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 of panic selling, we will purely use the coldest, most hardcore naked K-line technical analysis to directly dissect the true bottom cards of the main players. Take this battle report and send it directly, see through the critical turning point, and absolutely do not use it as fuel for a high-level washout!
🔥 Deep review of the latest situation (directly exposing the main force’s bottom cards)
Weekly and daily levels (abyss-level decapitating sword): Watching the weekly chart, ETH has experienced an extremely severe unilateral vertical free fall, with a weekly decline of 12.70%! The daily chart shows continuous massive bearish candles, ruthlessly tearing through the two core strategic defenses at 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’ every attempt at a rebound being precisely lower highs. After breaking below 1,800 with increased volume last night, it triggered a series of liquidations.
15-minute level touches local liquidity pockets: The short-term low was precisely pinned near 1,735. Currently, it is consolidating around 1,755 for oversold recovery. Although there are slight capital attempts to bottom fish, the rebound volume is severely lacking, with a risk of a secondary dip at any time.
Stay calm: Is the scalp numb from the fall? Completely broaden your perspective! The macro bull market’s fundamental tone still exists as long as the long-term bottom remains unbroken. This bloody plunge is precisely the most ruthless deleveraging move by the main force before entering a new round of shakeouts. Strictly follow trading discipline, and avoid blindly taking flying knives in the middle of the climb!
1. Core support and resistance levels (hardcore precise version)
🟢 Support levels
Short-term support:
1,735: Immediate support. The lowest spike in the current waterfall decline, the first line of defense bulls are defending intraday.
1,700: Strong support. An epic psychological barrier, a strategic battleground fought over repeatedly by bulls and bears.
1,650: Core support. The most solid previous turnaround and bottoming 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-shaped macro pattern.
1,350: The ultimate long-term bull moat in the macro cycle.
🔴 Resistance levels
Short-term resistance:
1,780: Immediate resistance (top-bottom reversal). The strong support level just violently broken through, now the first hurdle for a rebound.
1,820: Strong resistance. The short-term 1-hour downward channel’s resistance center.
1,880: Core resistance. The previously broken support line, regaining this level can ease the short-term panic and retreat.
Mid-term resistance:
2,000: The key dividing line for the 4-hour violent decline.
2,120: The midline heavy distribution zone for returning to the main bull wave.
2,400: The absolute starting point of the previous large structure breakout.