๐ฏ What to Watch โ Key Levels & Signals
Support zone to watch: $3,000 โ $2,950 range. If
$ETH ETH stabilises here, shorts might get squeezed.
Risk for shorts increases if:
$ETH ETH rallies above resistance zones around $3,075โ$3,100 (or moving-average reclaims).
Short-term bearish signal: If ETH fails to hold support or breaks downward decisively โ could mean more downside for both spot and derivatives.
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My Take (Not Financial Advice)
Right now, the derivatives market for ETH looks โloadedโ โ heavy short interest + many longs already liquidated. That creates a high-risk, high-reward environment: if ETH finds support and bounces, shorts could be surprisingly squeezed upward.
But if bearish sentiment stays strong โ and macro conditions /
$ETH # ETH-specific sentiment falters โ shorts may still have room to profit.
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