🔥$ETH Hardcore Analysis: ETF Continuous Infusion Can't Resist Selling Pressure, 2300 Defense Battle Has Begun!
Brothers, this morning ETH directly broke through the 2300 core defense line, with nearly $250 million in liquidations across the network in the last 24 hours, over 100,000 long positions wiped out! On-chain data shows that there's a heavy wall of spot sell orders stacked above 2330, retail traders don't dare to push prices higher as whales exit, and every bounce feels like getting trapped. The ETF funds have seen net inflows for 9 consecutive days, yet they can't move the price—how much longer can the bears keep this going?
The drop at dawn on the 24th has technically confirmed a typical continuation of the bearish trend. If 2300 can't hold, the next altar is likely 2200! Of course, the continuous infusion from the ETF is the biggest active buying force; institutional bottom lines won't break easily.
If you're looking to gamble in the short term, consider using grid trading or small positions to go long, placing orders at 2280 and 2250, with a stop-loss below 2230. If we break through 2350, then add to your position and target 2400. The bull market is real, but in a one-sided market, technicals are the only faith. If you want to feast, make sure to avoid getting wrecked—drop your ETH position levels in the comments below 👇
Brothers, this morning ETH directly broke through the 2300 core defense line, with nearly $250 million in liquidations across the network in the last 24 hours, over 100,000 long positions wiped out! On-chain data shows that there's a heavy wall of spot sell orders stacked above 2330, retail traders don't dare to push prices higher as whales exit, and every bounce feels like getting trapped. The ETF funds have seen net inflows for 9 consecutive days, yet they can't move the price—how much longer can the bears keep this going?
The drop at dawn on the 24th has technically confirmed a typical continuation of the bearish trend. If 2300 can't hold, the next altar is likely 2200! Of course, the continuous infusion from the ETF is the biggest active buying force; institutional bottom lines won't break easily.
If you're looking to gamble in the short term, consider using grid trading or small positions to go long, placing orders at 2280 and 2250, with a stop-loss below 2230. If we break through 2350, then add to your position and target 2400. The bull market is real, but in a one-sided market, technicals are the only faith. If you want to feast, make sure to avoid getting wrecked—drop your ETH position levels in the comments below 👇