ETH's script today is truly outrageous. In the morning, the founder-related address suddenly took action, selling 14,585 ETH at an average price of $2,928 within just one hour, cashing out $42.71 million. Once this move was made, the market immediately exploded.

But that's not all. At 9:30 PM, the US is set to release November's non-farm payrolls and unemployment rate, with expectations of 40,000 new jobs and an unemployment rate of 4.40%. If the actual data falls short of expectations, the market sentiment could easily plummet.

Even more terrifying is the looming liquidation threat. ETH at the $2800 level is holding $849 million in long positions, waiting for a price correction to trigger chain liquidations. Conversely, if ETH surges to $3000, there are $659 million in short positions waiting to be liquidated. Once this wave of liquidations starts, the trend won't be minor fluctuations but a true bloodbath.

On the technical side, the 1-hour chart is already showing signs of weakness. Today’s white session barely rebounded to around 2950, but failed to reach the resistance at 3000, with the rebound strength extremely weak. The BOLL middle band at 2943 has been broken through, indicating downward pressure is building.

With news, technicals, and liquidation risks all converging, tonight is destined to be a sleepless night. The market is so intense—whether you choose to watch passively or jump in to follow the rhythm depends on you.