$ETH contract longs already piled up positions early; the price is pushing upward while sticking to the moving average, and the four-hour net gain has thrown off more than three percentage points. Is this a “bounce back”? This is a trend change at the gearbox. Don’t use a bounce back as an excuse to run for your life—short sellers are still waiting at the door for a pullback. The main force never planned to give them a chance to get on board. Open interest isn’t falling but increasing instead; in large accounts, longs make up over 60%. At this level, whoever gets out is the real fool.