$ETH 3 Explosive Short of 3.9 Million Dollars, How Can Retail Investors Strike Back?
#币安上线NIL ETH's performance today is a typical case of "the bull turns back to throw people off the car." After spiking to 2104 dollars, it started to retract, but the overall direction hasn't collapsed. The main force is obviously playing "high-altitude tightrope walking," we need to keep a close watch on key positions and not get shaken out!
1. The Key Battlefield of Long and Short Contest
This morning ETH spiked to 2104 dollars, then was directly pushed back by the upper edge of the historical liquidity pool (the rebound high point area from last year's bear market), and is now stuck around 2064, hesitating. This position is like a "rest stop halfway up the mountain"; to continue climbing, it must first digest the profit-taking:
Resistance Level: 2100 dollars has a sell wall of 730 million dollars, equivalent to a group of "old six" squatting at the mountain top.
Support Level: The main force is firmly defending 2059 dollars (30-day moving average), but hard support is in the range of 2035-2048 dollars. This is both the previous high turning into a support zone and the cost zone where the whale increased its holdings by 18% over three days.
Case Evidence: On March 23, ETH broke through 2000 dollars with a significant increase in trading volume. On-chain data shows that whales are still accumulating, with ETH 2.0 staking volume accounting for 23% of the circulating supply (a historical high) — long-term funds locked in, and the pullback is purely a washout.
2. The Hidden Battle of Volume Reveals the Main Force's Intentions
Today's change in volume hides a big show:
During the morning surge: Trading volume increased significantly, but the selling volume surged near 2100 (order ratio -2), as the perpetual contract funding rate is 0.83%, and leverage is overheated and needs to cool down.
Current Volatile Phase: Volume has not shrunk, MACD hourly line shows signs of top divergence. If it cannot stabilize above 2077 dollars (7-day moving average) before 21:00, it may test lower levels in the short term.
Personal Opinion: The dog master first detonates the shorts (3.9M dollars strong liquidation), then blows up the chasing longs (1.8M dollars liquidation), washing out retail investors before pulling the price up. Remember the main force cost line at 2059 dollars; if it doesn't break, it's an opportunity to get on board.
3. Operating Strategy: Don't Be Greedy, Time the Rhythm
Short-term players: Don’t bottom-fish at the current price of 2064 dollars! If it stabilizes above 2077 dollars, lightly test the longs (stop loss below 2059), or wait to pick up in the range of 2035-2048 dollars, withdraw if it breaks below 2030.
Medium to Long-term: Hold firmly if the 30-day moving average (2015 dollars) doesn’t break, looking to see 2000 dollars in the second quarter, pyramid increase near 2040 during the pullback.
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#币安HODLer空投PARTI $ETH