Making money in a bull market relies on courage, while making money in a bear market relies on patience, but liquidation can happen in an instant!"—Just now, Ethereum surged 3% in 3 minutes, $114 million went up in smoke; this is not just a numbers game, but a nuclear explosion of market sentiment!
What exactly is happening in the market?
Simply put, Ethereum suddenly skyrocketed, rising 3% in just 3 minutes, pushing the price up to $4200. This surge knocked down all those who were 'betting on a decline'—$114 million in contracts were liquidated, of which $112 million were short positions.
What does this mean?
Shorts are getting wiped out: those who were 'singing the opposite tune' in the market got slapped hard, indicating that the bulls are completely in control now.
FOMO emotions are rising: many people are afraid of missing out on the surge and start chasing the price like supermarket shoppers rushing for limited-time discounts.
Big money is at work: a mysterious tycoon bought $100 million worth of ETH in advance, and Wall Street institutions are quietly increasing their positions, clearly coming prepared.
Long Ge's viewpoint:
Don't go against the trend: last year, when LUNA crashed and FTX collapsed, those who tried to catch the falling knife are now buried under two-meter-high grass on their graves. This time, $112 million in shorts got liquidated, which is another living example—during a bull market, shorting equals giving away money.
Institutions are playing a big game: large institutions like BlackRock have recently been buying ETH spot ETFs like crazy, just like when the Bitcoin ETF was approved back in the day—they must know something!
Policy trends are very important: the US SEC may soon approve Ethereum staking ETFs, and once approved, the price could soar like a rocket.
Future market trends: surge or pullback? Key points fully analyzed.
Short-term strategy: if ETH can stabilize above $4200, it is likely to continue its upward trend, targeting $4500. However, be wary of the short-term overbought correction risk, with support levels at $4000 and $3850.
Medium-term layout: if interest rates are cut in September, ETH may replicate the bull market trend of 2024, aiming for $6000! But if a regulatory black swan appears, it might drop back to the strong support at $3500.
What should retail investors do?
Don't blindly chase the highs: ETH has already surged, it's safer to wait for a pullback before entering.
Set stop losses: for example, if you bought at $4000, set the stop loss at $3800 to prevent being deeply trapped.
Pay attention to on-chain data: whale movements, inflows and outflows from exchanges are more accurate than candlestick charts.
The question now is—do you want to wait for ETH to rise to $5000 before slapping your thigh, or do you want to follow the footsteps of the whales now?
Don't know when to enter the market? As I always say, if you feel lost and helpless and don't know what to do, tap my avatar and comment. I need fans, you need references.
