The key watershed for ETH has arrived, and the long-short battle has entered a white-hot phase
In the past two days, ETH has surged strongly, pushing from 2600 all the way to above 2750, liquidating a large number of shorts along the way, especially in the 2680-2730 area, where the liquidation intensity has skyrocketed, and market sentiment is extremely bullish in the short term.
The current price is approaching 2800, which is a key resistance level above. Once broken, short positions will be triggered again, and bulls may welcome an accelerated rally.
However, the area between 2650-2700 remains a dense liquidation zone. If it fails to hold during a pullback, it may trigger a chain reaction of declines, provoking a short-term sell-off.
At this stage, it's not about betting on direction, but about understanding the structure: the liquidation chart provides the position, and strategy is key.
Don’t be aggressive, but also don’t be sluggish. The explosion point is getting closer and closer.
