🔥$ETH The push to 2000 failed; after that, the “second Bing” started to pull back—did the shorts finally get their chance? ETH peaked around 1982 and then began to decline; it’s currently back below 1950. This move is actually crucial: 1. The 2000 level once again became pressure. ETH rebounded strongly from 1846 to 1982, and the upside momentum in this leg has been solid. But the closer it gets to 2000, the more cautious the chasing capital becomes. Two attempts to break near 1980 didn’t achieve an effective breakout, suggesting sell pressure above is building up. 2. Consolidation at high levels doesn’t necessarily mean more upside. Many people see ETH holding around 1960 and think it’s about to break 2000. But Lao Lin tells everyone they need to first check whether, after the spike, it can continue with increased volume. If the capital can’t push through the breakout, it’s easy to see high-level distribution in the short term, followed by a pullback to previous support. 3. The key now is the 1940 area. A break below 1940 would indicate that short-term bulls’ defense is starting to loosen. If weakness continues, the probability of filling the prior upside gap increases. Lao Lin’s view: ETH can’t stop rising—but before 2000, it has to digest the pressure first. The rationale for shorts around 1950 today is essentially betting on the release of pressure here. Now it depends on whether the market will give shorts a second round of profit. The closer “second Bing” gets to 2000, the more it tests the bulls’ ability to absorb. Keep watching the order flow—tonight, see if ETH can hold 1940. Lao Lin is trading the pullback demand before the push toward 2000 #ETH重返1900美元 #长鑫今日上市成交901亿

ETH1.15%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned