$ETH The biggest short sellers admit defeat and take profit! ETH 1795 hides a deadly threat—smart money has already voted with its feet!

A short squeeze is just the appetizer; a double kill for both long and short is the main course—when the largest short sellers begin closing positions, it often marks the first drop of a trend reversal.

1. ETH was violently surged from 1709 to 1795. On Hyperliquid, the largest short position, “pension-usdt.eth,” first started taking profit after a week of floating gains of $5.9 million—this is a signal that the short defense line is weakening! Even more dramatically, the shorting whale not only refused to admit defeat, but also borrowed 9,000 ETH from Aave to keep adding to the position, bringing the total shorts to 44,000 ETH (average price $1702). Floating losses have already widened to $3.08 million—bull and bear battles are entering a white-hot stage!

2. The data on smarter money is even more worth pondering: the average opening price for longs is $1987. Yet in the midst of losses, the profit ratio is as high as 70.58%—suggesting that most longs are jumping in by buying the dip at low levels and have extremely strong staying power! The average opening price for shorts is $1869. While they are in profit, the profit ratio is only 56.02%—shorts may look like they’re floating profits, but they’re actually passive!

3. The liquidation map shows that the liquidation intensity of shorts in the $1823-$1876 range continues to build above ETH. If it breaks through 1810, it will trigger a chain of forced buying that drives shorts to cover. Below, $1691 is the last line of defense for longs—once it’s lost, they could face liquidations totaling $900 million.

4. The 1-hour candlestick RSI is 59.21, and the middle band of Bollinger Bands is at 1795—direction remains unclear.

Trading ideas:

Long strategy: buy lightly on a pullback at 1750-1760, target 1810-1850

Short strategy: attempt a light short if resistance at 1810-1830 holds, target 1760-1740#我的Gate交易时刻 #山寨 $BTC