$ETH has been oscillating within a 50-point range all day. The high was 2490, the low was 2436, and it’s now 2453. Buy orders account for 80%, and the big money hasn’t run. But overhead resistance at 2500–2520 is very heavy; three straight hourly upper wicks got pushed back down.
On-chain data is solid: yesterday’s ETF saw a net inflow of 87.6 million, and BlackRock alone bought 59.9 million. It’s been 6 straight days of net inflows, totaling over 500 million this week. The liquidation data is even more interesting: short positions were liquidated by 26 million, while longs were only liquidated by 12 million. The main players are forcing shorts to cover, and those shorting are probably smoking on the balcony again.
The news flow is pulling in both directions: Iran said “ending the war is simple, the U.S. just needs to fulfill its commitments,” which sounds like they’re leaving themselves room to de-escalate. But on the other side, Trump said he would “hit Iran hard,” and the U.S. military has also come up with a “regular limited strike” plan. This geopolitical situation won’t calm down anytime soon, but ETH still hasn’t been smashed through, which means there really are buyers underneath.
Geopolitical news could still hit the market at any time, but as long as your position isn’t too heavy, any dip from a sudden spike is actually an opportunity. Don’t chase the rally; wait for a pullback to buy. In this kind of market, chasing highs can easily get you burned. For those still without a clear direction, Steel Brother will sync the specific trading details in the Steel Fortress. The Square’s news is delayed too much, so just keep an eye on the Steel Fortress. #以太坊ETF连续11日净流入 #两艘油轮在霍尔木兹海峡遇袭
On-chain data is solid: yesterday’s ETF saw a net inflow of 87.6 million, and BlackRock alone bought 59.9 million. It’s been 6 straight days of net inflows, totaling over 500 million this week. The liquidation data is even more interesting: short positions were liquidated by 26 million, while longs were only liquidated by 12 million. The main players are forcing shorts to cover, and those shorting are probably smoking on the balcony again.
The news flow is pulling in both directions: Iran said “ending the war is simple, the U.S. just needs to fulfill its commitments,” which sounds like they’re leaving themselves room to de-escalate. But on the other side, Trump said he would “hit Iran hard,” and the U.S. military has also come up with a “regular limited strike” plan. This geopolitical situation won’t calm down anytime soon, but ETH still hasn’t been smashed through, which means there really are buyers underneath.
Geopolitical news could still hit the market at any time, but as long as your position isn’t too heavy, any dip from a sudden spike is actually an opportunity. Don’t chase the rally; wait for a pullback to buy. In this kind of market, chasing highs can easily get you burned. For those still without a clear direction, Steel Brother will sync the specific trading details in the Steel Fortress. The Square’s news is delayed too much, so just keep an eye on the Steel Fortress. #以太坊ETF连续11日净流入 #两艘油轮在霍尔木兹海峡遇袭
