Incredible Operations Behind the Surge of ETH! Big Player's Layout Exposed, Rapid Rise Just to 'Wash the Market'?
Why does this surge of $ETH look so familiar? Is the strategy of altcoins coming back again? This speed makes one suspicious, will it suddenly explode?
We are nearing mid-year, and market sentiment is gradually warming up. The U.S. may begin to cut interest rates in the second half of the year, while we have already started to inject liquidity. Bank interest rates are declining, and the bottom has been trapped for 5 months. A sudden rapid rise is clearly aimed at trapping long positions.
Consider the layout of the big players; Sun's Ethereum is positioned around 3200. If this rebound really begins, it should at least be above 5000 at the lowest. The time frame is expected to be within six months to a year.
Typically, a market reversal will first experience a rapid rise or a crash, like the previous time when it dropped directly from over 3000 to 2100. The current strategy may be similar: first trapping a group of people, then wide fluctuations to wash the market, and then a rise.
It is expected that this wave of rise will be completed within a few days, and it may rise about 200-300 each day for a week, then enter a period of fluctuation. Of course, this is just personal opinion and does not constitute investment advice.
Although I have heavily invested in long positions around 1500, today's market made me unable to resist making a few short positions, and I ended up losing on all of them. After all, I haven't seen ETH rise more than 30% in recent years, but I have seen it drop 50% several times. So, a pullback is inevitable, but it won't be too deep. In this market, let's see if the big players can use 'rolling positions' to harvest wealth!