Ethereum: Selling pressure persists—can the bulls hold on?
Seeing $ETH pull back to -1.15% has me really worried about the Long side. With 74% holding Long positions right now, everyone’s hoping to catch the bottom and wait for a rebound, but every red candle makes my heart race. Honestly, sometimes I wish I could see into the future and know whether to stay patient or cut my losses early to preserve my capital.
Looking at Ethereum’s fundamentals, the fee-burning mechanism remains a bright spot, helping reduce supply and potentially supporting prices over the long term. In the short term, though, market sentiment is the deciding factor. CZ once said that HODL is a philosophy, but you also need to be flexible depending on the circumstances. What do you think—could a wave of liquidations hit if the price keeps sliding?
For informational purposes only; not investment advice. DYOR.
#ETH
Seeing $ETH pull back to -1.15% has me really worried about the Long side. With 74% holding Long positions right now, everyone’s hoping to catch the bottom and wait for a rebound, but every red candle makes my heart race. Honestly, sometimes I wish I could see into the future and know whether to stay patient or cut my losses early to preserve my capital.
Looking at Ethereum’s fundamentals, the fee-burning mechanism remains a bright spot, helping reduce supply and potentially supporting prices over the long term. In the short term, though, market sentiment is the deciding factor. CZ once said that HODL is a philosophy, but you also need to be flexible depending on the circumstances. What do you think—could a wave of liquidations hit if the price keeps sliding?
For informational purposes only; not investment advice. DYOR.
#ETH