$ETH 2666—how many chasing buyers were “stabbed awake” by this needle?
#以太坊时隔七个月重返2600美元
Last night, a single big bullish candle surged all the way to 2666, then rapidly got dumped back to around 2500. This spike-and-retrace is clearly aimed at clearing the chase positions. Now it has rebounded above 2530, but don’t rush to treat it as a second takeoff.
Smart money holds 1.89B U in total positions: 1.44B U long, only 0.446B U short—making the long/short ratio 324%. The longs are up more than 45.56M U unrealized, and the advantage is obvious. But the more unified the chips are, the easier it is to force people to hand over chips through a sharp selloff.
Technically, the 1-hour MACD has already dead-crossed, and the green histogram is still continuing. On the upside, first watch 2540—2560. Only after it holds can it try to tap 2580—2600. To challenge the 2666 prior high, you must see volume expand.
On the downside, 2500—2480 is the first line of defense and also the main pullback zone after the sharp rally. If 2500 is held, there’s still an opportunity to push higher after a sideways consolidation. If there’s a volume-backed breakdown below 2480, the next likely fill area to look at is 2450—2420, which is also close to the smart money’s long cost zone.
Going long right now isn’t a problem, but chasing longs isn’t necessary. Wait for stabilization near 2500, or follow only after a volume-supported breakout above 2560. If you want to know the exact setup, come find me.#空头爆仓推动以太坊反弹
#以太坊时隔七个月重返2600美元
Last night, a single big bullish candle surged all the way to 2666, then rapidly got dumped back to around 2500. This spike-and-retrace is clearly aimed at clearing the chase positions. Now it has rebounded above 2530, but don’t rush to treat it as a second takeoff.
Smart money holds 1.89B U in total positions: 1.44B U long, only 0.446B U short—making the long/short ratio 324%. The longs are up more than 45.56M U unrealized, and the advantage is obvious. But the more unified the chips are, the easier it is to force people to hand over chips through a sharp selloff.
Technically, the 1-hour MACD has already dead-crossed, and the green histogram is still continuing. On the upside, first watch 2540—2560. Only after it holds can it try to tap 2580—2600. To challenge the 2666 prior high, you must see volume expand.
On the downside, 2500—2480 is the first line of defense and also the main pullback zone after the sharp rally. If 2500 is held, there’s still an opportunity to push higher after a sideways consolidation. If there’s a volume-backed breakdown below 2480, the next likely fill area to look at is 2450—2420, which is also close to the smart money’s long cost zone.
Going long right now isn’t a problem, but chasing longs isn’t necessary. Wait for stabilization near 2500, or follow only after a volume-supported breakout above 2560. If you want to know the exact setup, come find me.#空头爆仓推动以太坊反弹
