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Iran destroys US military THAAD system! $ETH Rallies to the upside then pulls back to 1916; “MiG”: Geopolitical artillery fire can’t drown out institutional buy orders!
Brothers, ETH surged higher today and then pulled back from 1956 to 1916. The Islamic Revolutionary Guard Corps is at it again—directly attacked the U.S. base in Jordan, destroying the radar of a THAAD missile defense system and also setting a fuel depot on fire. Oil prices keep spiking, U.S. stocks are under pressure, and crypto is following the volatility.
On the 1-hour timeframe, ETH’s rebound in this leg peaked at 1955.68 and pulled back to a low of 1841.71. It’s currently in a continuous decline below the recent high. The daily MA99 is providing support below, while MA7 and MA25 are capping the upside overhead. The key support on the 1-hour chart at 1875 is the lifeline of this uptrend—if bulls can hold the structure, it stays intact. Overhead resistance sits at 1940-1945, with strong pressure at 1955-1965.
With nonstop geopolitical “artillery fire” in the news, all three major U.S. stock indexes closed lower across the board: the Nasdaq fell 0.57%, and the S&P 500 slipped 0.14%. But fund flows have support—Ethereum spot ETFs had a net inflow of $72.7 million yesterday; BlackRock’s ETHA alone contributed $53.5 million, marking 4 straight days of net inflows. The whale 0x2684 has accumulated 54,449 ETH bought since late June, at an average price of $1,726, and currently shows an unrealized profit of over $12.5 million.
“MiG” advice for both long and short:
Go long on a pullback: around 1900-1905, when it stabilizes, try longs; for a more conservative approach, enter another long at 1880-1860.
Short on a rebound: 1930-1942, if there’s a stall/breakdown signal, try a light short position.
Personal view:
The geopolitical conflict is only getting hotter; oil spiking to a six-week high is a drag on risk assets. But ETH ETFs have seen net inflows for 4 straight days, and the whale’s $1,726 average price is still being added—this suggests institutions are taking advantage of panic to accumulate.
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