The biggest risk right now is that whales have completely cleared out all their ETH, meaning the largest big players below have run away. The recent sideways movement is also because they’ve been continuously selling, having sold hundreds of thousands of ETH. Currently, the 4-hour range is around a high of 2170 and a low of 1850, as shown in the chart below. The 2100 level still needs to be tested, which has become a bottom-fishing point for some and a reasonable selling point for others. There is anxiety on both the bullish and bearish sides. The main concern now is that around 2177, we might need to test that level. As for your current long and short positions, be sure to control your risk. If your positions are uncontrollable, consider reducing your holdings to lower the risk and avoid putting yourself in a dangerous zone.
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The biggest risk right now is that whales have completely cleared out all their ETH, meaning the largest big players below have run away. The recent sideways movement is also because they’ve been continuously selling, having sold hundreds of thousands of ETH. Currently, the 4-hour range is around a high of 2170 and a low of 1850, as shown in the chart below. The 2100 level still needs to be tested, which has become a bottom-fishing point for some and a reasonable selling point for others. There is anxiety on both the bullish and bearish sides. The main concern now is that around 2177, we might need to test that level. As for your current long and short positions, be sure to control your risk. If your positions are uncontrollable, consider reducing your holdings to lower the risk and avoid putting yourself in a dangerous zone.