Epic reversal for ETH! ETF's cash injection changes the game, after the shorts are crushed, is there a hidden deadly trap?
ETH has been ridiculously strong lately! It's not just retail investors getting excited; it's all ETF money making massive purchases! Previous surges were met with shorts crushing them, leaving E-series fans battered and bruised. Now the narrative has completely flipped—ETF's continued buying has locked the price at a high level!
This morning, the bulls surged past the 1850 mark, wiping out all the short positions above, but as they reached the upper edge of the 4-hour channel, they suddenly hit the brakes, revealing signs of fatigue in the technicals!
Here's the key point: this time, the ETF's entry is completely different from retail following the trend! Last time it was just slogan-style speculation, but this time it's real cash hard buying, and any shorts that dare to sell will be directly swallowed by the influx of funds!
But be careful, the 4-hour chart is already showing signs of exhaustion in the uptrend. If it can't hold above 1850, watch out for a short rebound; if it can maintain this level, ETF funds may continue to push the price toward $2000!
How long can the ETF's real cash hold out?
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Today’s focus: Bitcoin, Ethereum, and some popular altcoins
