ETH bulls’ life-and-death showdown—Bitcoin has already surged higher, but Ethereum is still unmoved!



In the early morning, the ETH longs can be said to have nothing to say. They’re watching Bitcoin return to 82,000 and keep rising, but Ethereum, meanwhile, not only hasn’t caught up—both spot and futures funds are still continuing to flow out. Those longs entered at 2,380 don’t even know whether they’ll get a chance to reach that level. Maybe ETH wants to break out on its own and take back control—what a pity for the massive whale long at 2,400!

Qingyao’s prediction: Given the current situation, ETH’s rise has no volume and doesn’t follow Bitcoin’s movement, so the long setup isn’t very cost-effective. On the other hand, there are still big whales on the long side at the bottom. With no clear direction for either bulls or bears at the moment, it’s better to stay on the sidelines for now. After the bulls-versus-bears battle is over, then look for the right entry levels and choose to go long or short according to the rhythm!
ETH-2.88%
BTC-1.18%
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ilovexing
· 12h ago
Gold looked like it increased by 100 points last night, 🤣. I didn’t make a move when the BTC was at 82; I placed an order at 825, but it didn’t go through.
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