🔥 ETH Weekly Recap: Spike then pullback—range washing is underway!
Everyone, this week Ethereum’s highest touched about $1,956 and then fell back; it’s currently consolidating around $1,930. Here’s a simple recap of the core logic this week:
1️⃣ Bullish confidence: Spot ETF institutional funds have been flowing in continuously, and on-chain whales are also quietly accumulating. Spot sell pressure is indeed decreasing.
2️⃣ Bear pressure: Macroeconomic inflation concerns are still there, and whether the “CLARITY Act” can pass remains unknown. The rally came with shrinking volume, and sell positions trapped above $1,980 are still heavy.
📌 Next week’s trading idea: High probability of continued range-based washing between $1,900 and $1,980. As long as the $1,840 support doesn’t break, the rebound structure remains intact; if there’s a breakout above $1,980 with strong volume, then watch for $2,050.
⚠️ Friendly reminder: This week, the share of long positions liquidated is close to 60%, with extremely high leverage risk. Everyone control your position sizing, stay rational, and absolutely don’t FOMO all-in!#夏日创作营 $BTC