The biggest trap for ETH is here! 1508 determines life or death, 1664 decides long or short.

Bro Wan's view: Institutions cutting losses is just the prelude. The next wave of liquidations will ignite the market. A long-short double slaughter is coming!

1. Institutions cutting losses, panic lurking

FG Nexus sold another 3375 ETH, with losses exceeding $86.8 million. Even institutional whales can't hold on. Market support is extremely weak, and panic could ignite at any time.

2. 1508 is the bottom line, 1664 is the key

If ETH falls below 1508, 627 million longs will be slaughtered; if it breaks through 1664, 603 million shorts will be completely liquidated. Currently consolidating narrowly at 1592, long and short are at a standoff. Whoever makes the first move dies first.

3. 1600-1630 is a powder keg

This area has a large concentration of leveraged positions. Once broken, short covering could push price to 1700-1750; if lost, the bottom 1508 is an abyss.

Bro Wan's trading advice:

Go long lightly near 1590, target 1630-1664; on a break above 1664, add longs to 1700. Must exit if it falls below 1508.

The BOLL lower band at 1559 and 1508 form a double support. A short-term rebound is possible, but surviving here is more important than making money.

#0成本拿2股SK海力士 #AAVE涨超13% $ETH ‌