$ETH Midday market analysis!
From 1929, it was driven all the way up to around 2549—an entire $620 move. Yesterday, Qiu Ge posted a bullish view; after pushing up to around 2533, selling pressure kicked in above. Taking profit from long positions and placing short orders at entry, the capital’s follow-through/absorption capability didn’t keep up. Over the past seven days, Ethereum has risen 28.48%, and it’s now in a re-accumulation/re-washing phase, currently consolidating in the 2450–2460 range!
At present, Ethereum ETF capital is still in net inflows. On-chain, it looks like there is starting to be some capital slowly absorbing around 2460, which indicates that buy-side demand is still effective. After this re-washing, the drop to 2412 was a trend move that cleaned out the long side. If the absorption capacity is strong, the next step is very likely to push upward and liquidate the short side. From the liquidation map, below 2508 there are still a large number of short positions’ chips waiting to be liquidated.
Qiu Ge shares actionable insights and real-time trading thought process—currently in the process of setting up. If you want to learn more, come to the chat room @秋哥策略带单 . Welcome to exchange and learn! $BTR $BMT #比特币受阻于81000美元50周均线 #Solana现货ETF累计净流入创纪录12.2亿美元
From 1929, it was driven all the way up to around 2549—an entire $620 move. Yesterday, Qiu Ge posted a bullish view; after pushing up to around 2533, selling pressure kicked in above. Taking profit from long positions and placing short orders at entry, the capital’s follow-through/absorption capability didn’t keep up. Over the past seven days, Ethereum has risen 28.48%, and it’s now in a re-accumulation/re-washing phase, currently consolidating in the 2450–2460 range!
At present, Ethereum ETF capital is still in net inflows. On-chain, it looks like there is starting to be some capital slowly absorbing around 2460, which indicates that buy-side demand is still effective. After this re-washing, the drop to 2412 was a trend move that cleaned out the long side. If the absorption capacity is strong, the next step is very likely to push upward and liquidate the short side. From the liquidation map, below 2508 there are still a large number of short positions’ chips waiting to be liquidated.
Qiu Ge shares actionable insights and real-time trading thought process—currently in the process of setting up. If you want to learn more, come to the chat room @秋哥策略带单 . Welcome to exchange and learn! $BTR $BMT #比特币受阻于81000美元50周均线 #Solana现货ETF累计净流入创纪录12.2亿美元
