$ETH Midday Ethereum Market Analysis!!!
Over the weekend, Ethereum has been stuck in a choppy back-and-forth range, with intense battles between bulls and bears. Currently, judging from the chart, Ethereum has repeatedly fallen but has not effectively broken below the 2460 level. This suggests there is enough capital below to absorb the selling. However, there is also sell pressure at the 2540 level. Based on the latest data, Wintermute holds short ETH positions with a value of over $100 million and is still continuously increasing them. Smart money is also quietly withdrawing. Trading volume is gradually drying up, and on-chain data shows a clear outflow of funds. Brother Jie believes the current mild rally is being used to lure traders (a false breakout).
$BR
Personal suggestion: At the current price around 2523, consider opening a short position as a setup, targeting the 2450 area. Wait patiently for subsequent price action to unfold.
BBS/market updates have a time delay. If you are still unsure about the USD-related direction right now, you can come ask Brother Jie in the chat room for consultation. The exact operational details are yours to get. $FIL
#AnthropicCEO呼吁放缓AI发展 #以太坊跌破2500美元
Over the weekend, Ethereum has been stuck in a choppy back-and-forth range, with intense battles between bulls and bears. Currently, judging from the chart, Ethereum has repeatedly fallen but has not effectively broken below the 2460 level. This suggests there is enough capital below to absorb the selling. However, there is also sell pressure at the 2540 level. Based on the latest data, Wintermute holds short ETH positions with a value of over $100 million and is still continuously increasing them. Smart money is also quietly withdrawing. Trading volume is gradually drying up, and on-chain data shows a clear outflow of funds. Brother Jie believes the current mild rally is being used to lure traders (a false breakout).
$BR
Personal suggestion: At the current price around 2523, consider opening a short position as a setup, targeting the 2450 area. Wait patiently for subsequent price action to unfold.
BBS/market updates have a time delay. If you are still unsure about the USD-related direction right now, you can come ask Brother Jie in the chat room for consultation. The exact operational details are yours to get. $FIL
#AnthropicCEO呼吁放缓AI发展 #以太坊跌破2500美元