🔥 Crowd psychology and a lesson from ETH
I checked the price chart this morning and saw that Ethereum ($ETH ) was still hovering around -0.74% over the past 24 hours, which made me a little uneasy. The data also showed that 77% of accounts are LONG, while only 23% are leaning SHORT.
When the crowd is this firmly united on one side while prices are still quiet, it shows high expectations—but more than once, it has also signaled a sharp breakout.
Minh is keeping a close eye on spot trading volume and indicators like funding rates and open interest for clues. Breaking resistance is one thing, but holding your position is what really matters.
Everyone is watching those bright green candles, but the important question is whether we can stay calm and avoid chasing FOMO, so we don’t get caught by a sudden dump. What do you think ETH’s next candle will do—explode upward or plunge?
For informational purposes only, not investment advice. DYOR.
#ETH
I checked the price chart this morning and saw that Ethereum ($ETH ) was still hovering around -0.74% over the past 24 hours, which made me a little uneasy. The data also showed that 77% of accounts are LONG, while only 23% are leaning SHORT.
When the crowd is this firmly united on one side while prices are still quiet, it shows high expectations—but more than once, it has also signaled a sharp breakout.
Minh is keeping a close eye on spot trading volume and indicators like funding rates and open interest for clues. Breaking resistance is one thing, but holding your position is what really matters.
Everyone is watching those bright green candles, but the important question is whether we can stay calm and avoid chasing FOMO, so we don’t get caught by a sudden dump. What do you think ETH’s next candle will do—explode upward or plunge?
For informational purposes only, not investment advice. DYOR.
#ETH
