💥 $ETH This pullback’s sell-off momentum hasn’t been fully released!
Brothers, Ethereum dumped from 2534 to 2384 last night—buyers collectively bailed out, and we haven’t even seen a single sign of stabilizing or a stop to the decline.
The core reason for last night’s plunge was the U.S. surprise attack on the Strait of Hormuz. With geopolitical tensions high, capital rushed into oil and gold for safe-haven hedging, putting direct pressure on the crypto market. On top of that, after the Jackson Hole speech, rate-hike expectations warmed up, and the macro environment has been suppressive throughout.
Sell-side trapped positions are stacked high overhead. Whales are also sending large transfers to exchanges to dump spot. During last night’s move, the leverage long positions for the bulls were liquidated in a concentrated cascade, pushing the sell-off speed to the max. Around the current price near 2420, I’m positioning shorts. If 2400 can’t hold, then the short setup looks toward 2350. Don’t stubbornly fight with longs.
【The above views are for personal reference only and do not constitute investment advice】
#以太坊合约
Brothers, Ethereum dumped from 2534 to 2384 last night—buyers collectively bailed out, and we haven’t even seen a single sign of stabilizing or a stop to the decline.
The core reason for last night’s plunge was the U.S. surprise attack on the Strait of Hormuz. With geopolitical tensions high, capital rushed into oil and gold for safe-haven hedging, putting direct pressure on the crypto market. On top of that, after the Jackson Hole speech, rate-hike expectations warmed up, and the macro environment has been suppressive throughout.
Sell-side trapped positions are stacked high overhead. Whales are also sending large transfers to exchanges to dump spot. During last night’s move, the leverage long positions for the bulls were liquidated in a concentrated cascade, pushing the sell-off speed to the max. Around the current price near 2420, I’m positioning shorts. If 2400 can’t hold, then the short setup looks toward 2350. Don’t stubbornly fight with longs.
【The above views are for personal reference only and do not constitute investment advice】
#以太坊合约
