【Emergency! ETH may crash】
ETH is currently at $2578, having risen 10.8% in a day, and has reached the upper Bollinger Band. The RSI indicator is at 87.55, which is severely overbought! This signal is very dangerous, and the probability of a short-term correction is extremely high.
Smart money is already fleeing:
The contract open interest has plummeted by 64.86% in one day; prices are rising but open interest is falling, which clearly indicates that the main players are unloading.
The long-short ratio is rapidly declining, with large funds continuously adding short positions for 6 hours.
91% of miners are in profit, and they could sell off at any moment.
Key levels:
Resistance level: $2598 (upper Bollinger Band + psychological level of 2600)
Support level: $2310 (strong support zone)
Operational advice:
Now is a good time to short!
Entry: $2580-$2600 range
Stop loss: $2620 (accept loss if broken)
Target: $2310
The risk-reward ratio exceeds 4 times, making this trade worthwhile.
But be cautious:
If it breaks $2620, it may trigger a short squeeze.
Although the funding rate is still positive, it could reverse at any moment.
It is recommended to start with 10% position and increase to 15% once it breaks below $2500.
Historical data speaks:
This kind of overbought pattern has an 80% probability of a correction, with an average decline of 18.7%. The current price is 30% higher than the 200-day moving average and 25% above on-chain costs; the bubble is too big!
Conclusion: Short-term risks outweigh rewards; quickly prepare for hedging!
As the market continues to change, we must closely monitor market signals to seize new entry opportunities. Like + comment + follow, and let’s ride through the bull market and seize this major opportunity together!
