Ethereum is on the brink of life and death! A 'liquidation battle' is unfolding!
The current ETH is like sitting on the edge of a volcano; one wrong move could be a life-or-death decision.
The data from the contracts are clear: the $2650 level is a graveyard where a bunch of shorts are waiting to die. As soon as the main force pulls, it can ignite an entire eruption of liquidation—there are many high-leverage short positions waiting to be buried.
But the problem is equally glaring: it just won't move, repeatedly hovering around $2550, resembling the eerie calm before the storm. Below, the $2500-$2450 range is a burial ground for bulls; if it drops down, the stop-losses for those long positions will trigger collectively, and the main force will clean them up, then pull back as if nothing happened.
In plain terms, this is no longer a showcase for technical analysis; it's about who gets liquidated first, who leaves the table. The major players in both long and short positions don't care about the ups and downs; they only care about which wave of retail investors' margin gets harvested first.
This is the current situation:
Break above $2650, all shorts are wiped out, violent surge begins.
Break below $2500, bulls lie flat, sudden kills and rebounds take turns.
The market changes rapidly, and only after the bloodshed comes the opportunity. Keep watching the market, focusing on the main players and the rhythm.
Like + comment, let’s survive this feast together!
