🚨 $ETH: CAPITAL FLOODING IN - OPPORTUNITY OR TRAP? ⚡
$ETH is experiencing extremely violent volatility around the $3,100 price zone as crowd sentiment leans heavily toward the Long side. Cash flow data shows a large number of high-leverage positions clustered densely around the key technical support level of $3,000, turning this into a "make-or-break" area for the market.
In practice, when the Long/Short ratio is too skewed, the Market Maker (MM) can very easily launch a brutal shakeout to wipe out leverage before pushing the price up. I assess that if $ETH successfully defends the $3,000 zone, the next target will be the $3,350 resistance. Otherwise, losing this level will trigger an extremely fierce wave of forced liquidations.
What level do you think $ETH will retest this week? Comment your prediction!
#BinanceSquare #ETH #Crypto
(Personal view, not investment advice - DYOR)
$ETH is experiencing extremely violent volatility around the $3,100 price zone as crowd sentiment leans heavily toward the Long side. Cash flow data shows a large number of high-leverage positions clustered densely around the key technical support level of $3,000, turning this into a "make-or-break" area for the market.
In practice, when the Long/Short ratio is too skewed, the Market Maker (MM) can very easily launch a brutal shakeout to wipe out leverage before pushing the price up. I assess that if $ETH successfully defends the $3,000 zone, the next target will be the $3,350 resistance. Otherwise, losing this level will trigger an extremely fierce wave of forced liquidations.
What level do you think $ETH will retest this week? Comment your prediction!
#BinanceSquare #ETH #Crypto
(Personal view, not investment advice - DYOR)
