Start with the conclusion: the news is just a catalyst; structure is the key.
For “maji,” the ETH long positions are only about $20 away from liquidation, and after the liquidation, they drop to $54 million
$ETH is currently 2472.22, -3.43% over 24h.
With a bearish news backdrop, first watch whether the prior low can hold; if it breaks, then look to the next support level.
#ETH
Personal observation only, not investment advice—watch the risks.
For “maji,” the ETH long positions are only about $20 away from liquidation, and after the liquidation, they drop to $54 million
$ETH is currently 2472.22, -3.43% over 24h.
With a bearish news backdrop, first watch whether the prior low can hold; if it breaks, then look to the next support level.
#ETH
Personal observation only, not investment advice—watch the risks.