Ethereum breaks through 2800, and many friends feel it will rush straight to 3000. However, I personally feel that at least at this position, the overall market risk is very high in the short term.

ETH continues to hit short-term new highs, but why is the meme leader Moodeng not following up much, and why does it drop the fastest? This can actually be seen from the main capital data. I reminded everyone in a post early yesterday morning that Moodeng's main capital has been maintaining a dominant short position recently, so its performance will be relatively poor in the near term.

If the main force of altcoins is opening shorts themselves, it is very difficult for Ethereum and Bitcoin to rise even if they rally strongly. So at this time, don't just think about playing the catch-up of these altcoins because Ethereum has risen so much; it may really be unable to rise. For example, if Hippo suddenly gets listed on an exchange with good news, it is likely just to pull back and offload.

Hippo is basically the leader of this round of memes. You can see that apart from Hippo, other secondary memes, except for Fartcoin, are relatively weak overall, while Meme, as a purely emotional and capital-driven sector, can to some extent reflect the overall market sentiment and capital status. Currently, the overall sentiment and capital are relatively weak, apart from Ethereum, as the market rebounds to previous highs. Many altcoins, apart from memes, are also not moving much, which in itself is a risk warning.

Many friends may be very averse to being bearish in a bull market, but I still write this to remind everyone. I do not necessarily want you to short; at the very least, be aware of the risks and do not chase high prices now. The good profit-making effect of a big market trend has not yet arrived. Before that, it is better to earn less and protect your own capital.