The market for $ETH seems to be going against what people believe. There have been rumors everywhere about a possible big drop recently, and it seems like it really has dropped, making everyone afraid to go long and even less willing to take a position. However, the reality has repeatedly tempted shorts, with both big and small short squeezes, rapid declines over short periods and relatively long periods with slight drops, scaring people into not daring to go long.

Since contracts can't be traded long, we can look at spot trading. It really looks like a short squeeze now, and it has started to rise. With such a solid increase, contracts can be safely traded long without fear of heights; in fact, it's not high at all, and it can continue to soar. During the ascent, be sure to take profits in batches.