Currently $ETH Can you bottom out, or should you continue to short?



From the current market situation, Ethereum continues to show a weak structure, and market sentiment has entered an extremely pessimistic zone. In previous rounds of decline, a large number of long positions above have been basically liquidated. The latest liquidation distribution chart shows that the potential liquidation pressure facing the shorts has already begun to surpass that of the longs. There is currently a large influx of capital; the on-chain smart money addresses also show a significant imbalance in long and short positions.

Looking back at common behavior patterns of major funds, when the market forms a highly consensus bearish expectation, it is often more likely to trigger a reverse strong rally, thereby squeezing out the short-sellers. Additionally, the overall market volatility at this stage is limited, and a true directional breakout may still require further guidance from the macro environment after the US stock market opens.

At this stage, blindly chasing orders or engaging in emotional trading carries high trading risks. Do you think Ethereum is a good buy or a good short now? #ZEC/HYPE/FLR strengthening
ETH-3.58%
ZEC3.16%
HYPE2.57%
FLR-6.59%
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