Data: If ETH breaks above $2,544, the cumulative short liquidation intensity on major CEXs will reach $813 million
Let’s lay out both sides:
Bullish case: Once bearish news is out of the way, there may be less uncertainty;
Bearish case: Sentiment may take a hit, and short-term buyers could become more cautious;
My view: Both sides have their arguments. Ultimately, it comes down to how $ETH ’s price and trading volume behave.
$ETH is currently at 2,421.61, down 2.09% over 24 hours, with a 24-hour range of 2,393.48–2,480.25.
#ETH
Personal notes only; not specific trading advice.
Let’s lay out both sides:
Bullish case: Once bearish news is out of the way, there may be less uncertainty;
Bearish case: Sentiment may take a hit, and short-term buyers could become more cautious;
My view: Both sides have their arguments. Ultimately, it comes down to how $ETH ’s price and trading volume behave.
$ETH is currently at 2,421.61, down 2.09% over 24 hours, with a 24-hour range of 2,393.48–2,480.25.
#ETH
Personal notes only; not specific trading advice.