Was this early-morning Ethereum crash meant to take out Big Brother Maji?
$ETH is currently chopping back and forth in the 2,520–2,540 range—a battleground between bulls and bears. 2,540 is short-term resistance. If price keeps failing to break through, bearish pressure will gradually build.
This rally is just an oversold bounce after a sharp drop, not a trend reversal. Institutional funds are pulling out to reduce risk. There’s also a whale holding a heavily leveraged, 25x ETH long position with their entire account, currently down $35.94 million. Their liquidation price is 2,476.87. If the price drops, it could trigger a cascade of liquidations and send the market lower.
Trading approach: At the current price, it may be suitable to open a short position, with a stop-loss above 2,550. If ETH breaks above 2,540 on strong volume and holds there, the outlook needs to change. @牛市布局师钱钟——不赚包赔
One more thing: even experienced traders can get stuck holding a losing position and take a hit near the lows. Always use a strict stop-loss, and don’t let reluctance to accept a loss trap you. 跟策略👆🚗
#ETH
Do you think ETH can break above 2,600?
$ETH is currently chopping back and forth in the 2,520–2,540 range—a battleground between bulls and bears. 2,540 is short-term resistance. If price keeps failing to break through, bearish pressure will gradually build.
This rally is just an oversold bounce after a sharp drop, not a trend reversal. Institutional funds are pulling out to reduce risk. There’s also a whale holding a heavily leveraged, 25x ETH long position with their entire account, currently down $35.94 million. Their liquidation price is 2,476.87. If the price drops, it could trigger a cascade of liquidations and send the market lower.
Trading approach: At the current price, it may be suitable to open a short position, with a stop-loss above 2,550. If ETH breaks above 2,540 on strong volume and holds there, the outlook needs to change. @牛市布局师钱钟——不赚包赔
One more thing: even experienced traders can get stuck holding a losing position and take a hit near the lows. Always use a strict stop-loss, and don’t let reluctance to accept a loss trap you. 跟策略👆🚗
#ETH
Do you think ETH can break above 2,600?
能
不能
16 hr(s) left