Currently, Ethereum is experiencing high-level fluctuations with a gap of around $200, indicating a risk of a pullback from the high levels. Do not rush to go long at the top. Keep a close eye on two support levels at 2267-2189. Only consider going long after the market has digested this consolidation. Data shows that large institutional short positions have already been liquidated. In the short term, focus on range-bound trading and avoid overextending your positions. Tomorrow, Wednesday, there is a risk of a trend reversal. It is recommended to patiently wait for consolidation and a bottoming process! #Gate广场AI测评官 $ETH

ETH3,43%
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MasterChuTheOldDemonMasterChuvip
· 17m ago
Data shows that Ethereum's short positions have surged recently, even hitting all-time highs. During an uptrend, a large volume of short positions doesn't crush the market; instead, it becomes "fuel for the rally."

• Logic: When prices rise slightly, these highly leveraged shorts are forced to buy back and close their positions to avoid liquidation. This "buying pressure" further pushes prices higher, creating a chain reaction of "shorts squeezing shorts."

• Current situation: The market is currently in a phase where "the growth rate of short positions far exceeds the price increase," indicating that upward momentum remains robust.
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YaoQianshuAvip
· 1h ago
Feels so unreal, maybe it'll empty out soon, preparing for a big drop next, 9:30
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Aran'sEncryptedDiaryvip
· 1h ago
Does Uncle Wang still have a chance at 1800? I want to buy the dip 🤣
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ASingleThoughtOfBuddha,ASinglevip
· 2h ago
Wishing you great wealth in the Year of the Horse 🐴
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INeedMoreContextToProvideAnvip
· 2h ago
Wishing you great wealth in the Year of the Horse 🐴
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Daisy7vip
· 2h ago
Good luck and prosperity 🧧
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Daisy7vip
· 2h ago
Wishing you great wealth in the Year of the Horse 🐴
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FgLittleSnakevip
· 2h ago
Wishing you great wealth in the Year of the Horse 🐴
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FgLittleSnakevip
· 2h ago
Good luck and prosperity 🧧
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Nice隔壁王叔vip
· 2h ago
Happy New Year 🧨
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