The market situation really makes people anxious!🔥
The 1-hour chart's correction was quite significant, dropping from 93547 directly to 89429, a nearly 4,000-dollar drop absorbed in one go. The Bollinger Bands are now very tight, looking like a buildup phase, and after the dead cross on the MACD, the green bars are still slowly expanding. Under this pattern, the possibility of a breakdown below is definitely something to watch out for.
On-chain data is even more interesting—watching all day, large transfers are converging towards exchanges, and those whale accounts are quietly offloading. It feels like smart money has already exited in advance. The news side is especially quiet, with no substantial positive signals to offset the downward pressure. Are we just relying on market sentiment to hold it up? Honestly, this balance is hard to stabilize.
$ETH definitely needs to be cautious in the short term.
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The market situation really makes people anxious!🔥
The 1-hour chart's correction was quite significant, dropping from 93547 directly to 89429, a nearly 4,000-dollar drop absorbed in one go. The Bollinger Bands are now very tight, looking like a buildup phase, and after the dead cross on the MACD, the green bars are still slowly expanding. Under this pattern, the possibility of a breakdown below is definitely something to watch out for.
On-chain data is even more interesting—watching all day, large transfers are converging towards exchanges, and those whale accounts are quietly offloading. It feels like smart money has already exited in advance. The news side is especially quiet, with no substantial positive signals to offset the downward pressure. Are we just relying on market sentiment to hold it up? Honestly, this balance is hard to stabilize.
$ETH definitely needs to be cautious in the short term.