Warning update for all ETH shorters ETH is currently in freefall and dumping non-stop. Whales have exited the market at certain levels and now retailers are getting trapped again. At this moment, I’m not looking at short trades because ETH can form a pullback from here and easily come back around $3,650. The main reason is that people are opening shorts with heavy leverage and all the liquidation levels are stacked on the upside, so the market can move up to liquidate them. Apart from that the next support and demand zone is around $3,380 from where ETH can take a strong bounce. Make sure to share your opinion in the comments too.

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