$ETH The resistance above is also significant. A break above 2832 would trigger the liquidation of a cumulative 922 million U in short positions. A break below 2574 would trigger the liquidation of a cumulative 832 million U in long positions.
So which comes first, a drop or a rise??
Personally, I think $ETH reaching 3000 is just one step away. Once it holds above 2800, altcoins will see a broad breakout.
It cannot push higher right now, so a pullback is an opportunity. Positions can be built in batches as long as the 2550–2580 range holds.
Several core factors:
①Q3 ETH gained over 70%, and capital attention has returned
②ETH ETF flows are fluctuating in the short term, with overall net inflows over the past month
③The Glamsterdam upgrade is launching on the Sepolia testnet today, keeping expectations for a Q4 mainnet upgrade alive
④BTC remains strong, and capital may later rotate from BTC into ETH and leading altcoins
Also keep an eye on $MORPHO , an ETH ecosystem DeFi asset with catch-up potential, which has remained relatively strong and stable.
#ETH #MORPHO

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ETH-1.94%

BTC-1.30%

MORPHO-1.28%

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SevenWhaleLord

a day ago

The current market structure is “weak across all timeframes, but extremely oversold in the short term (1h/4h).” The 1-hour RSI has fallen to 8.65, an extremely rare reading that indicates short-term bearish momentum has been excessively released. From the afternoon into the evening, there will likely be two possible moves: first, sideways consolidation above $2600 to repair the indicators; second, an “oversold rebound” (V-shaped reversal) retesting $2645-$2650. However, given the ferocity of the decline, blindly buying the dip is not recommended, and shorting into the drop is strictly prohibited!

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XuShenfan

2 days ago

During the National Day holiday, the market has been oscillating every day, and 😂$ETH is facing considerable overhead resistance. A break above 2832 would trigger the liquidation of $922 million worth of short positions, while a drop below 2574 would trigger the liquidation of $832 million worth of long positions.
So which will come first, a drop or a rise??
Personally, I expect $BTC to reach 2800 this year, after which altcoins will see a full-scale breakout.
It is unable to push higher for now, so a pullback is an opportunity. Positions can be built in batches as long as the 2550–2580 range holds.

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Experienced柴柴Fan

2 days ago

First Review

The choppy market will eventually come to an end; we’ll see then.

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The market has been oscillating every day during the National Day holiday, 😂

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