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$ETH is currently in a long/short split state, and opinions are not unified. For the next developments, I infer this pattern:
Pull up 80 and then retrace 40, repeat several times, until the long/short positions are clearly separated; once you reach a 37 split, it’s workable—28 is more ideal, and 19 is even too ideal.
Once the shorts have gathered to a sufficient level, it will be pulled up hard, even reaching 25% for two consecutive days.