ETH surge! In 7 days, it went from 1905 to 2549, jumping 28.7%. Now it’s only 3.2% shy of the 7-day high, but it can’t break through—4-hour momentum has turned from strong to weakening, the daily chart flips downward—distribution at the high. The top is right here. The whale reduced long positions by 1.28% over 7 hours, yet 70% of all accounts are still crowded on the long side. Spot has had a net outflow of 83.21 million in the past 3 hours. Of the 12 funding columns, only 3 are still turning green. Short at 2467, first target 2355, stop loss 2570.
