Live stream in the language community: Whales sold wildly, $4280 is the life and death line for bulls and bears? Can ETH hold on tonight!

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9850662513 The market volatility has intensified, and Ethereum has faced a critical test under the frequent operations of whales and the interweaving of long and short positions. $4280 has become the life and death line that determines the future direction. In the early morning, a giant whale that had made a profit of $76.05 million through ETH trading once again made a move and bought 16569 ETH (approximately $74.29 million) at a price of $4484. And this is just the tip of the iceberg of frequent whale operations in recent times. Another whale sold 3113 ETH and made a profit of $10.17 million USDT after holding the position for only 90 minutes. This rapid transformation highlights the volatility of the cryptocurrency market and the potential risks and returns for large-scale investors. 01 Interweaving of long and short factors After the Federal Reserve cut interest rates by 25 basis points, the price of Ethereum briefly broke through $4600. However, the good news did not continue, and the market quickly fell into a "ink ink" market, with a significant decrease in trading activity. This stagnant state stems from the market's uncertainty about the Fed's subsequent policies. Although interest rates have already been cut, investors expect that there may be even greater interest rate cuts, causing funds to remain cautious and wait. At the same time, the flow of funds from Ethereum ETFs is also worrying. Despite the favorable interest rate cuts, the US spot Ethereum ETF has shown a net outflow recently, indicating that institutional investors may still be selling. The Importance of Key Support Levels in 02 According to market analysis, the key support level for Ethereum is mainly concentrated in the $4200-4250 range. This position is not only a rebound area after multiple recent pullbacks, but also coincides with the middle track and order blocks of the daily upward channel, and is considered a key defense line for bulls. As of the time of publication on September 21st, the current price of Ethereum is around $4490 and is currently fluctuating in the range of $4460-4505. Multiple tests have failed to break through the upper pressure level of $4505. Once the support level of 4280 is breached, it may trigger a large amount of long leverage liquidation (with a scale of about 1.1 billion US dollars), leading to a rapid downward trend in prices towards deeper support. 03 Whale Behavior and Market Reaction The unrealized profits of medium-sized whales (holding 10K-100K ETH) have reached their historical peak level in November 2021. This level of profit often indicates an increase in selling pressure. The data shows that these whales have sold 100000 ETH worth millions of dollars in recent days. One of the whales sold 5000 ETH at once, making a profit of approximately 22.84 million US dollars. However, not all whales are selling. The whale, which made a profit of $76.05 million, has been buying continuously recently. It bought 18000 ETH for $4487 the day before yesterday, sold 10000 ETH for $4600 yesterday, and continued to buy at $4484 this morning. 04 Market Outlook and Operational Approach For short-term traders, it is recommended to be cautious and follow the trend with caution in the current market. Heavy positions should be avoided until the price direction is clearly chosen (such as effectively breaking through 4350 or falling below 4250). For medium to long-term investors, the $4200-4250 range can be seen as an important watershed. As long as the price can remain stable above the region, the medium to long-term trend has not been completely disrupted. Analysts have divergent views on the future market. Citibank predicts that Ethereum may fall to $4300 by the end of the year, and even see $2200 in a pessimistic scenario; Standard Chartered Bank predicts that Ethereum will surpass $5000. As of press time, the price of ETH is hovering around $4490, indicating a weakening of bullish sentiment but the underlying support has not yet fallen below. In the past 24 hours, the entire network has experienced a stock explosion of $125 million, including $5.0426 million from multiple Ethereum positions and $4.1067 million from short positions. This high explosive data indicates that the market is in an extremely sensitive state. Tonight, all eyes are focused on the $4280 defense line. This line is not only a price level, but also a watershed in market psychology, determining the short-term fate of Ethereum. Operation suggestion: BTC 115250 long first target watch 116350 second target watch 117765 ETH 4440 long first target to see 4500 second target to see 4555 Join the language community communication group to obtain more services 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system- 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance. Tencent Meeting Live: 985-066-2513 DingTalk Group Number: 120320009032 Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.