Ethereum's Life or Death: 1.8 billion shorts queuing up for liquidation, ETF ammunition is fully loaded!
News Flash
ETF Capital Siphoning Effect: In June, Ethereum spot ETFs saw a net inflow of $321 million for 12 consecutive days, while Bitcoin ETFs experienced an outflow of $1.23 billion during the same period. Institutions are upgrading ETH from satellite assets to core allocations, and BlackRock's holding cost is locked in at $3300-3500, showing clear intentions to bottom-fish.
40 billion in open contracts looming: The futures market leverage rate has hit a record high, with 1.8 billion shorts poised for liquidation around $2800. A breakout will trigger a chain liquidation; conversely, if it drops below $2600, 2 billion longs may also face forced liquidation. A confrontation between long and short positions is imminent.
Key Levels in Technical Analysis
Attack and Defense Line: Current price at $2531 stuck between the middle Bollinger band at $2531 and the upper band at $2800. MACD underwater is about to golden cross, and rebound momentum is brewing.
Risk Points: RSI overbought + whales taking profits in the $2400 cost zone. If the support at $2490 is lost, a retest of the strong support at $2380 may occur.
Breakout to Add Long: Stabilize above $2600 with increased volume, target $2800→$3000, capitalize on the short liquidation bonus!
Crash Bottom-Fishing: Dive to $2400 to go all-in on spot, stop loss at $2300, aiming for a 30% discount recovery space!
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