Ethereum ETF is crazily attracting capital, but why is the ETH price suspended? The key lies in these two positions!

Last week, Ethereum ETF became highly sought after, with massive capital flooding in, a single-week inflow of $2.85 billion directly crushing Bitcoin ETF! This operation clearly shows that institutions are full of expectations for the future of ETH, and ecosystems like DeFi and Layer2 might really take off.

But strangely, while money is coming in, the ETH price has wilted, currently hanging precariously at the critical position of $4270. If it can't hold here, shorts will definitely take the opportunity to crash it, and the next stop will be the psychological barrier of $4000.

In fact, dropping to $4000 may not be a bad thing; after all, this round of increase has been too fierce, a washout would be healthier. But be careful not to play it wrong — it can drop instantly, but it cannot lie flat below $4000!

If the daily closing price cannot return, then the trend will truly be bad. The ideal scenario is to create a long lower shadow, pretentiously break down and then quickly pull back, blowing up all the shorts.

Currently, market sentiment is very subtle, and the ETH to BTC exchange rate has also fallen to a critical support level. It’s important to know that quantitative funds are currently clustering to short; if this level holds, a reversal would definitely be exciting.

So how to play next? Short-term players focus on $4270; if it breaks, wait for opportunities around $4000; long-term players can gradually position themselves during the pullback, but remember that $3800 is the final line of defense, and if it breaks, it's time to run. The market is always full of opportunities, but what it lacks is patience.

#币安HODLer空投PLUME #加密市场回调 #Strategy增持比特币

If you are feeling a bit lost, or need more guidance, feel free to reach out to me, and I will provide you with a detailed analysis!

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