ETH Short term Direction Decision: Key Support Levels Become Winning Hands

On chain data shows that a newly created wallet address (0x5664000451f9249527ed1e11359728c86b86150) received 21500 ETH worth $60.04 million, with funding coming from FalconX. The wallet may belong to Bitmine or SharpLink, but it has not been verified yet. （Onchain Lens）

Crypto ATM operator Crypto Dispensers is evaluating a $100 million potential sale, mere days after its founder was charged in relation to an alleged $10 million money laundering conspiracy. The firm mentioned “rising fraud exposure, regulatory pressure, compliance demands, and low repeat usage” as reasons it has pivoted in recent years towards software operations, but did not mention the charges in its announcement.

The PORT3 team has removed on chain liquidity to prevent hackers from further cashing out. Mexc and Bybit exchanges have disabled PORT3 recharge, while Gate.io exchange still allows PORT3 recharge. （BWEnews）

OKX-BTC/USDT is currently trading at $85004.90, with a 5-minute increase of 0.04%. Please pay attention to market fluctuations.

Member indicators show that the current ETH price is below the EMA24 and EMA52 moving averages, and the slopes of both moving averages are downward, indicating a weak mid to long term trend. Based on the distribution of chips, the area around 2729.5 USDT is a strong support zone, but the recent trading volume has shrunk to 22.88% of the average level, indicating low market buying interest. If it falls below the support level, it may accelerate the downward trend. On the candlestick chart, the latest 4-hour cycle has shown an upper hanging line, indicating insufficient short-term upward momentum, coupled with weak MACD golden cross signals, and caution against false breakthroughs. The area above 3173 USDT is a strong resistance zone, making it difficult to break through. Open a membership, receive real-time buying and selling point alerts, and accurately capture trend changes! The data is sourced from the PRO member's [ETH/USDT Binance 4-hour] K-line, for reference only, and does not constitute any investment advice.