Brothers, pay attention!
Ethereum just experienced a strong liquidation at the 2475 position, reaching over thirty million! This level of yellow band is definitely not something ordinary retail investors can withstand—it's a clear sign of institutional selling!
Although there are some chips above 2500, their density is not very high. Once market sentiment gets too excited, it can easily break through and ignite!
What does this mean?
2475 is the short-term defensive bottom line. If it can hold, we continue to push for higher prices. If it can't hold, it's very likely to dip and shake out positions;
After the institutions clear their positions without crashing the market, the probability of them going long increases sharply—classic scenario of baiting shorts, harvesting profits, and then retaliating.
Right now, this position is the critical point for victory; it's not about panic, it's the time to focus on breaking through the rhythm!
Don't be led by the slow decline; watch the movements of the institutional chips! If Ethereum stands above 2520 without looking back, it's very likely the vacuum area will start to rally!
