$ETH
It is very likely that there are not many long positions left and there are rather quite a few short positions. With a 'retail investor' mindset, Ethereum has struggled for six months, and bouncing above 2500 here is simply looking for a set-up. But think about why this rebound is so strong? It's because every rise or fall has the sole mission of completely eliminating either the bears or the bulls. Everyone believes that 2500 is a place to short-sell with their eyes closed. If it rises to 3000 in a few days, the short sellers will be even more agitated, and then the bull market will really begin. Of course, this is not exactly the best time for the bulls to jump in, as plans can change quickly, and there is always a possibility of a sudden drop. One can only say that the bullish probability is higher; chasing the market and cutting losses is the old craft of retail investors.
