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PANews reported on October 13 that OKX market data shows ETH has just fallen below $2,500, currently trading at $2,497.58 per coin, down 1.28% today.
ETH
-0.59%
She_Moon
2026-10-12 21:45
#WillYouBuyDipInKoreanStocks Current price: 1227! $SKHYNIX A whale’s 180 million short position is weighing on the market; blindly buying the dip is just giving money away!
When the trend is downward, every rebound is meant to trap more traders.
I. Technical analysis: The 1-hour chart shows that after falling from 1386 to 1186, the price has been moving sideways in a weak range. The Bollinger Bands are narrowing, the MACD red bars continue to shrink, and bullish momentum is fading. The 1235-1250 range above is the Bollinger middle band and a previous dense consolidation zone, with extremely heavy selling pressure. The 1186 level below is the recent low and the bulls’ last line of defense.
II. Whales and capital flows
Capital flow data shows net outflows across every timeframe from 30 minutes to 15 days, with a $191 million outflow over 7 days, indicating strong capital outflows. Whale data shows 157 million in short positions, with unrealized gains of 4.07 million; long positions total only 38 million, with unrealized losses of 184k. Combined with the bearish news that South Korea’s KOSPI plunged 3% and SK hynix’s underlying shares tumbled 4.2%, foreign capital is accelerating its withdrawal.
III. Lao Zhang’s short-term trading recommendations:
Shorts: Aggressive traders can enter at the current price of 1227; conservative traders should enter after a failed rebound near 1235-1245. The first target is 1200; if the price breaks below that level, watch 1185.
Longs: If a long lower wick or bullish divergence appears near 1175-1185, cautiously test a long position with a small amount.
#GateX红牛F1新加坡站夺冠 #BTC涨1.17%
$BTC $ETH #
SK Hynix
-4.52%
BTC
-0.68%
ETH
-0.59%
GateNews
2026-10-12 21:44
ETH fell below 2,500 USDT
Gate News bot message: Gate market data shows ETH has fallen below 2,500 USDT and is currently trading at 2,498.6 USDT.