$ETH Now 1878, still 1890, lying under this wall. The script really hasn’t changed at all. One week’s high was 1937; I ground it all week and didn’t even manage to touch the wall’s edge. Now it’s still trying to nudge down under it, and it’s only a step away from last week’s low of 1863.
Outside, it’s still blowing fiercely. Sentiment is more than seven points. Over on the news side, they’re pushing the same set—ETF, pledging, inflation reduction—everything said like a package deal. They’re dragging out more than two hundred posts a day bullish, and shouting louder than anyone.
But money won’t give them face. In the spot market, over three hours there were twelve candles, and not a single one was positive. Big orders are still flowing out. On the order book, buy-side walls look thick, but they’re just there to prop things up—not to pull price up. Price simply can’t be moved.
That tiny bit of fee-rate premium can only keep the longs alive for a bit at most. The contract’s active buy orders are still not even four percent; the sell orders are clearly more aggressive. If something can’t rise, stacking more emotion doesn’t help.
At this kind of position, chasing longs has mediocre value. Wait until the wall breaks, or until real funds come back and speak for themselves. In any case, it’s all being shouted to get retail traders to listen. If you believe them, the money is gone.
#eth $ETH
Outside, it’s still blowing fiercely. Sentiment is more than seven points. Over on the news side, they’re pushing the same set—ETF, pledging, inflation reduction—everything said like a package deal. They’re dragging out more than two hundred posts a day bullish, and shouting louder than anyone.
But money won’t give them face. In the spot market, over three hours there were twelve candles, and not a single one was positive. Big orders are still flowing out. On the order book, buy-side walls look thick, but they’re just there to prop things up—not to pull price up. Price simply can’t be moved.
That tiny bit of fee-rate premium can only keep the longs alive for a bit at most. The contract’s active buy orders are still not even four percent; the sell orders are clearly more aggressive. If something can’t rise, stacking more emotion doesn’t help.
At this kind of position, chasing longs has mediocre value. Wait until the wall breaks, or until real funds come back and speak for themselves. In any case, it’s all being shouted to get retail traders to listen. If you believe them, the money is gone.
#eth $ETH