12.28 Ethereum Market Reminder

Based on the current market and long-short data, it seems that a pullback to a bullish candle should occur at this position. If it falls below 3300, many shorts will take profits, so in my personal opinion, as long as it does not fall below 3300, the probability of 'upward movement still appears to be high'.

There is even a possibility that after this 15-minute candle closes, it will follow with a bullish movement upwards.

Because if the market drops further, it won't be significant. Of course, this is a personal opinion and for reference only; it will likely also approach our stop-loss level.

Currently, while this is a key battleground for both longs and shorts, it is clear that the bears are very strong. However, at such times, the probability of the leveraged lenders controlling the market is relatively high.

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