Institutions dump ETH for a net profit of $124 million and rotate into UNI; price -0.2% over 24h $ETH is currently at 2686.66, 24h -0.2%. I’m bullish—the institution that exited its entire position over four days in early September, netting $124 million, has now transferred $24.21 million worth of UNI into a new wallet. This profit-taking was fully absorbed in September. Today’s rotation has been completed, with the 24h low reaching only 2667.94—there is genuine buying support. First, the news did not spook the market, and the price is holding firmly at 2686.66. Second, the daily RSI at 62.3 is strong but not overbought. The MACD has remained in a death cross above the zero line for two days, while the green bars are actually expanding. Third, the funding rate is near the zero line and spot trading is leading. This rally is not being propped up by leverage, giving it a stronger foundation. Citigroup raised its ETH 12-month price target to $3028. With the Fear and Greed Index at 74, sentiment is not cold. Resistance above: 2703 (the 15m SAR has flipped above) Support below: 2562 (daily MA30) This is a high-level divergence and pullback phase. If 2562 fails to hold, I’ll admit I’m wrong and exit. Once 2703 breaks, the upside will truly open up. Enter at the current price of 2686.66, cut losses if it breaks below 2562, and hold if it withstands the pressure, targeting 2703. If you find this logic solid, give me a follow so you won’t miss the next move. ‍$ETH

Greed Index 74, yet ETH funding rate is only +0.0041%—do longs still dare add to their positions? The answer lies in the details of the long-short battle. $ET Current price 2686.9, down slightly by 0.15% over 24h, with a trading volume of 829.5M USDT. MA5=2691.59 is barely above MA20=2689.62, the moving averages are converging and flattening, and direction remains undecided; RSI=48.5 is stuck at the midpoint, the MACD histogram at -0.662 still indicates bearish momentum, and the Bollinger Bands [2666.2, 2713.04] are narrowing, with the 30-candle range at just 3.04%—a typical low-volume consolidation before a major move. The key is the funding rate: +0.0041% is almost flat, indicating extremely weak willingness among longs to hold positions, with no one willing to pay a premium to go long, while the Fear and Greed Index is in the greed zone at 74—hot sentiment but cold leverage. This divergence often means insufficient funds are chasing longs above, making the probability of a stop-loss wick sweep greater than that of a one-sided breakout. Capital has not clearly taken sides, but defensive positioning leans bearish. For trading, lightly test a short on a rebound to the 2695–2705 range (near the Bollinger upper band at 2713 and MA5 resistance, with RSI failing to rise above 50 and bearish MACD momentum not yet recovered); take profit 1 at 2668 (near the Bollinger lower band at 2666.2), take profit 2 at 2640 (an extension target after breaking below the lower band); set the stop-loss at 2722 (a valid breakout above and hold over the Bollinger upper band would invalidate the bearish thesis). If volume-backed recovery of 2713 occurs, it is not too late to switch long. Also watch: $JASM and $NIGHT , whose RSI values are as high as 80.4 and 83.8, respectively, indicating severe short-term overbought conditions. They are significantly stronger than ETH, but the risk of chasing highs is substantial; the negative funding rate indicates that shorts are being squeezed. (Personal opinion for reference only; this does not constitute any investment advice. Contract trading carries extremely high risk, so strictly control position size.) [Data] Coin: ETHUSDT Direction: Short Entry: 2695-2705 Take Profit 1: 2668 Take Profit 2: 2640 Stop-Loss: 2722