From the data of $ETH , it seems that the second-in-command has been spinning everyone like a top. The rise last night at nine and the rise this morning were both aimed at clearing out those who are overly eager for quick gains and who like to chase highs and sell lows. Within the hour, we primarily see short squeezes, and buying at low support is relatively safe. Throughout the day, we can still see a balanced consolidation between long and short positions.

Currently, the short liquidations for Ethereum have reached unprecedented levels. Institutions, teams, and whales are all calculating the possibility of continued increases in Ethereum. This means that those who are shorting are starting to doubt themselves. At this point, the opposing positions will serve as our learning examples. A small increase in a day is harmless, but a large increase in a day will definitely stimulate.