Has 1893 become the bottom after $ETH ? Is this rebound a reversal or a bull trap?
After ETH rebounded from around 1893, the market started hoping for a reversal again. But Sister Yue thinks it’s still too early to rush in and buy the dip.
First, let’s look at the capital flows: Over the past 24 hours, ETH liquidations totaled 286.21M, with longs accounting for 87%. Spot market taker sells totaled 105.29M, and the taker buy/sell ratio was just 0.97.
What does this tell us? Many bulls from earlier have already been liquidated, but spot funds still haven’t returned in any significant way. For now, the rebound lacks genuine buying support.
My view: 1893 may be a short-term bottom, but the downtrend hasn’t been confirmed over yet. In the short term, I still favor shorting rebounds.
Key levels to watch:
Resistance on a rebound: 1970–2000
First support: 1920
Key low: 1893
Downside target: 1850
If the rebound fails to hold above 1970–2000, I’ll prioritize looking for short entries. If 1893 breaks decisively, I’ll keep an eye on 1850 below.
On the other hand, only a high-volume move above 2000 that holds, along with sustained net inflows into the spot market, would give us a reason to turn bullish again.
I’m not in a hurry to call the bottom. A rebound without follow-through from buyers is unlikely to truly change the trend.
#加密美股齐跌，下轮反弹的驱动力在哪？
If you want to keep up with ETH’s real-time market movements and futures entry strategies, join my 聊天群 and let’s discuss.
After ETH rebounded from around 1893, the market started hoping for a reversal again. But Sister Yue thinks it’s still too early to rush in and buy the dip.
First, let’s look at the capital flows: Over the past 24 hours, ETH liquidations totaled 286.21M, with longs accounting for 87%. Spot market taker sells totaled 105.29M, and the taker buy/sell ratio was just 0.97.
What does this tell us? Many bulls from earlier have already been liquidated, but spot funds still haven’t returned in any significant way. For now, the rebound lacks genuine buying support.
My view: 1893 may be a short-term bottom, but the downtrend hasn’t been confirmed over yet. In the short term, I still favor shorting rebounds.
Key levels to watch:
Resistance on a rebound: 1970–2000
First support: 1920
Key low: 1893
Downside target: 1850
If the rebound fails to hold above 1970–2000, I’ll prioritize looking for short entries. If 1893 breaks decisively, I’ll keep an eye on 1850 below.
On the other hand, only a high-volume move above 2000 that holds, along with sustained net inflows into the spot market, would give us a reason to turn bullish again.
I’m not in a hurry to call the bottom. A rebound without follow-through from buyers is unlikely to truly change the trend.
#加密美股齐跌，下轮反弹的驱动力在哪？
If you want to keep up with ETH’s real-time market movements and futures entry strategies, join my 聊天群 and let’s discuss.
