ETH’s terrifying night! The 4700 breakthrough turns into a “waterfall”, and the 4500 mark is in danger! What should veterans do?

Vitalik 2025-10-16 07:41 70564人围观 ETH

ETH had a shocking reversal last night! First, it broke through 4700 strongly, which made everyone excited. Then within an hour, they performed a high platform diving, from 4709 to around 4500, and finally got stuck at 4485. This roller coaster ride is re

🕙 Horror Timeline

22:00: ETH breaks through 4700, institutional funds pour in crazily, and the market is in a carnival
22:00-23:31 (91 minutes): The plot changes suddenly! From 4709 all the way to 4510, a drop of nearly 5%
22:51: 4600 mark fell, selling pressure intensified
23:40: The 4500 defense line was broken down, and market panic spread
00:00: The price is temporarily stable at 4485 and enters wait-and-see mode

🔥 The culprit of the plunge has been found!

1. Large players collectively smash the market

Institutions and large investors are shipping crazily above 4700
Automated trading programs trigger chain take-profits, forming a death spiral

2. Unstable macro environment

U.S. government may shut down
Delay in release of key economic data
Investors' risk appetite plummeted and they fled high-risk assets.

3. Instant mood reversal

From "FOMO chasing" to "panic selling" in seconds"
Retail investors followed the trend and cut their losses, amplifying the decline.

📊 Full technical analysis

Current status: Weak overall

Bollinger Bands: The price runs along the lower track, and the weakness is obvious
KDJ/RSI: It has entered the oversold zone. There may be a rebound in the short term, but the intensity is questionable.
MACD: Downward momentum is still increasing
K-line pattern: Continuous negative lines form "Three Black Soldiers", and short positions are arranged
Trading volume: surged by 115%, panic orders poured out in large numbers

🎯 Market Outlook Operation Guide

Key positions:

Strong support: 4485 > 4400 > 4300
Upper pressure: 4600 > 4700

Veteran drivers remind:

Don’t rush to buy the bottom: it’s dangerous to catch flying knives in a downward trend
The position should be light: no more than 5% of the position should be opened at a time, and the leverage should be ≤3 times
Stop loss must be ruthless: cut the meat immediately if the key position is broken, don’t hold the order

💎 Summary and outlook

This plunge has taught all players a lesson: in the face of uncertainty, any technical analysis is a paper tiger!

Short term: There will be repeated competition near 4485, and there may be a technical rebound, but don't expect too much.

Mid- to long-term: If the macro picture does not improve, there is a high probability that the market will continue to bottom out. Pay attention to the two key supports of 4400 and 4300.

Final words of advice:
When the market fluctuates violently, taking control is more important than anything else! Don't feel that the bull market is back when it goes up, and it feels like it's going to zero when it goes down. Stay calm and wait for the market to give clear direction!

(The market is risky, so be cautious when investing! This article is only market analysis and does not constitute investment advice. )