ETH Bearish "Landslide Lake" Dike Is About to Break, This Line Will Be the Horn of Bullish Reversal!



"When the greedy are washed out by the market, smart money has already started bending down to pick up chips."

The one-hour chart shows the price has stabilized at 1656, with moving averages turning upward. The liquidation map indicates that a large number of short leverage positions are stacked above 1670-1700. Once it breaks through 1675, it will trigger panic short covering, and the price will soar instantly.

I believe that the volume contraction after ETH bottomed at 1504 is not weakness, but the calm before the storm. Although the news is quiet, smart money’s overview reveals the truth: short positions are more than twice the long positions, with costs at a high of 1818. This extreme skew is precisely the fuel for the main force to launch a "kill longs to kill shorts" campaign.

Trading Strategy

Long positions around 1650 - 1660; short positions around 1700 - 1710;

The darkness before dawn is always the coldest. In this volume-contraction bottoming phase, do you choose to watch from the sidelines or prepare $ETH to enter and harvest?
ETH2.67%
HYPE2.09%
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