In the live broadcast of the language community: ETH4200 defense line is in urgent need! The 400 million yuan bottom fishing by the giant whale is difficult to stop the double top collapse!

Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9850662513 Ethereum (ETH) is experiencing a thrilling long short battle. As of August 19th, the ETH price has been fluctuating around 4300, down 4.5% from its recent high of 4480, and is only one step away from the key support level of 4200. If this defense line is breached, it may trigger a chain liquidation of long positions worth $2.94 billion, and the price may drop to 3600. Giant Whale's High Stake: Can a $400 Million Bottom Hunt Turn the tide When retail investors panic and sell, the mysterious whale strikes in the opposite direction: three new addresses concentrate on buying 92899 ETH (about 412 million US dollars) near the average price of $4430, attempting to build a bottom line defense. This operation is in stark contrast to on chain data - another giant whale is placing a 4250 limit sell order for 19000 ETH, ready to suppress the rebound momentum at any time. What is even more intriguing is the dilemma of the bear whale: 0x20c2d9 address reduces short exposure by 800000, but still faces unrealized loss of $21 million, with liquidation line hanging high at 6074; 0x8e0969 also reduced its position by 800000, and the liquidation risk remains at 7269. This synchronous operation implies the anxiety of large funds towards short-term trends, but they dare not fully bet on a collapse. Double Top Crisis: Technical Warning for Collapse On the daily chart, ETH has shown the embryonic form of a double top, with the neckline anchored at 4150. This structure caused a 35% plunge in January 2025, casting a historical shadow over the market. - Further confirmation of risk indicators: 4-hour MACD continues to expand in a bear market, with the Supertrend indicator falling; Bollinger Bands display prices closely following the lower track (4260), with a sudden increase in volatility; RSI fell to 22.7, and an oversold rebound is imminent. The hidden battle between long and short forces: ETF retreat vs on chain fundraising The market is showing strange differentiation: the stock of exchanges has hit a new low: Coinbase and Binance have lost 200000 ETH ($888 million), and the balance has hit a 9-year low, indicating long-term hoarding. This contradiction reveals the core game - the collapse of leveraged bulls (with a total of $304 million in positions sold across the entire network within 24 hours, with 78% of orders being long) is forming a hedge against the huge whale's fundraising. Market Prediction: Two Paths Determine Life and Death Long script: Hold on to 4200 and break through 4450 in volume, triggering short covering to push prices back to 4800 Short script: 4150 neckline breaks, triggering a 2.9 billion level liquidation tsunami, price slides towards 36006 The 400 million bullets of the giant whale are like ice thrown into boiling water - short-term or easing the decline, but difficult to resist the gravitational crushing of the double top structure. Tonight, the 4200 defense line has become not only a technical support, but also a touchstone for testing market confidence: if it cannot be defended, Ethereum may fall into a deep cold Operation suggestion: - BTC 115890 long first target watch 116955 second target watch 118011; ETH 4310 long, first target 4365, second target 4430. 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 Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance! Disclaimer: The above content only represents the author's personal opinion and is for communication and sharing purposes only. It does not represent the position or viewpoint of AiCoin and does not constitute any investment advice. Based on this investment, there may be external contacts, which have nothing to do with AiCoin, and the consequences shall be borne by oneself.