📊 Ethereum at a decisive threshold!
After a series of capital withdrawals, the ETH ETF has recorded +16,900 $ETH inflows, suggesting a recovery of confidence. Reserves on exchanges are also steadily decreasing, reflecting a long-term accumulation trend.
However, the Long/Short ratio on Binance is heavily skewed towards Long (1.81), causing the optimism to be somewhat "overloaded". Meanwhile, a dense liquidation cluster around 4,700 USD is becoming a significant barrier.
👉 If it breaks above 4,700 USD, ETH could surge strongly. But if it fails, selling pressure will quickly emerge. Traders need to be extremely cautious at this stage.