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The price of ETH suddenly dropped to 4316 dollars, which is basically the result of multiple negative resonances! The technical aspect collapsed first: the strong resistance of 4550 could not be broken for a long time, which directly triggered stop-loss selling. It also fell below the lower Bollinger Bands, and 4300 became a life-and-death line. Institutions are also running away: put option positions have surged, whale addresses and pledged funds have evacuated, and the inflow of ETFs simply cannot withstand it. Competing products are still competing for territory: Solana relies on low handling fees to divert DeFi and NFT traffic, and the activity on the ETH chain has declined with the naked eye. There are hidden dangers in the macro: interest rate cuts are good news, but geopolitical risks and inflation concerns prevent funds from being retained. Highly volatile ETH is the first to bear the brunt. There is a high probability of volatility in the short term. If 4300 cannot hold up, it may fall again, so keep an eye on it! If it breaks through 4500, there is still hope of rising to around 4600, so keep an eye on it!  |
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