$ETH Strong short positions are entering aggressively on ETH!!! 💥💥💥



Brother Liang noticed during the day that on-chain funds on the Ethereum network are continuously flowing out, and bullish momentum is weakening. With the rebound brought about by a large amount of funds returning, the move is basically close to the end—short-side momentum continues to strengthen.

As the situation between Iran and the US keeps escalating, market risk-aversion sentiment is also rising. Oil prices continue to climb, which places some pressure on risk assets. In this environment, it’s not easy for the price to break out of a strong reversal in the short term; the overall trend is still relatively weak.
ETH-0.71%
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