In one sentence: This wave of ETH is a clear signal to kill shorts, institutions are pushing the price, and shorts are falling into the trap.

In the past 24 hours, ETH surged over 9%, reaching a price of $3,459, causing the entire market to get excited. However, amidst this rise, many friends were caught in a reverse liquidation, with a total of $349 million liquidated across the network, of which short positions accounted for $220 million. The liquidation amount for ETH alone reached $121 million, nearly 35%.

This wave of market movement is actually very typical: first, there’s a false breakout and false volatility, then suddenly a strong surge. Many people feel that it’s rising too quickly and expect a pullback, only to find that entering a short position gets wiped out by a large bullish candlestick. To be honest, this kind of market structure can indeed make people hesitant, especially since the market rotation has been too fast recently. The overall market leads the surge, with strong coins like ETH and SOL following suit. If you’re just a little slow, you feel like you’ve missed the entire wave. But at times like this, rationality is even more important. It’s not that you shouldn’t short, but you need to consider the position, structure, and sentiment. If you must try to call the top early, at least wait for signals like increased volume, stagnation, and upper shadows to appear first. The movement of ETH this time is a very standard bullish declaration: technically breaking through key resistance levels, with strong sentiment and smooth capital flow. When bullish sentiment is released, shorts naturally bear the brunt. This isn’t a matter of right or wrong; it’s about whether it’s in line with the trend. The market has given us signals, so we follow along. Even if we take a more conservative approach in the middle, as long as the direction is right, we won’t get thrown off the bus. So the current mindset should not be about whether there are opportunities for shorts, but whether the timing has arrived. For current operations, it is recommended to continue maintaining a bullish mindset, control positions, and set reasonable take profits. It’s not too late to consider switching directions after the legislative conference tonight. Still, the same message: trading is not about always catching the tops and bottoms, but about not standing on the wrong side of the big direction.

#以太坊连续两日领涨