Through the three-day clearing heat map of ETH, it is clear that the key price levels of market confrontation have been defined. Around the 2630 point, there are a large number of potential liquidation positions held by the long side, forming a strong resistance; while in the 2472-2429 range, there is a dense distribution of stop-loss orders from the short side. Currently, the market's bullish sentiment is high, significantly increasing the risk of chasing upward operations.
Limited by the strong resistance at 2630, the upward space is constrained, while the possibility of a downward adjustment is comparatively greater. Therefore, blindly chasing highs is inadvisable, and it is recommended to seize high-position opportunities during rebounds. Close attention should be paid to the effectiveness of the 2429 support level; if this level is breached, it may trigger a chain liquidation effect, further opening up downward space.
