When others are fearful, is someone "stealing the house"?



ETH's recent correction has been quite fierce, dropping straight from 1690 to 1640, with daily and 4-hour charts looking bleak.

📉The technical aspect is very honest:

The 1663-1675 range is now a "high-pressure line," every time the price bounces here, it gets pushed down. MACD has stopped falling but hasn't crossed bullishly, RSI is hovering around 42, a typical weak oscillation.

🐋But on-chain data is very interesting:

While everyone is cutting losses, BitMine's guy is buying up 100,000 ETH (about $163 million) against the trend! The goal is to hold 5% of the circulating supply—true believers.

💡Scenario analysis:

If it volume-stands at 1663 and holds, there might be a short-term rescue and recovery;

If it can't hold, the 1600 level below will definitely see a fight.

📺At such critical moments, are the big players accumulating or luring more longs? Come to my @Gate live stream at 8 PM tonight, and we’ll expose it!

ETH #行情分析 #Gate主播 #CryptoCircle
ETH-2.41%
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