$ETH ‌ FOMO-driven long liquidation during the surge

ETH

Don’t panic! This move in ETH isn’t a crash; it’s a collective “spring cleaning” of the overleveraged longs chasing the high.

First, to the brothers holding positions: speak plainly—don’t cut at the bottom, and don’t open new shorts blindly right now.

From 2420 down to 2340, six large bearish candles appeared on the 15-minute chart. How many chasing the high got liquidated directly? This isn’t a trend reversal; it’s short-term funds that bought the rally a few days ago being collectively liquidated. Those bloggers shouting “push to 3000” above 2400 are now playing dead, unable to offer any coping strategies, only shouting “bottom fishing,” which is really doing more harm than good.

Currently, on the chart, the 15-minute MACD has already crossed bearish, green volume bars are increasing, and the MA7 has directly fallen below the MA25. The bearish momentum is indeed strong, but look carefully: around 2340, volume is already decreasing, indicating panic selling has mostly played out. If it drops further, it will be a stampede caused by the bears themselves.

To those bears now shouting “the waterfall is coming,” do you dare to open a position? ETH’s fundamentals are intact; Bitcoin hasn’t collapsed. This move is just short-term longs closing their positions. Once this panic selling finishes, the bulls can turn around and push back at any time. Those chasing shorts now are very likely to be the next ones to get liquidated.

Let me tell you something honest:

- For those holding positions, don’t cut your losses around 2350; this is already an oversold zone. Cutting now just hands over chips to others.
- For those without positions, don’t rush to buy the dip; wait for signs of stabilization before acting.
- If you want to short, I advise you not to. This is emotional selling, not trend-based. One big bullish candle can wipe you out instantly.
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