Ethereum: Long or Short?

Long-term: The view remains strongly and consistently Long.

In April, I recommended accumulating ETH around the $1,447 range – and up to now, that strategy still provides a distinct advantage.

Medium-term: The trend still leans towards Long.

Previously, whales actively shook off weak investors below the $2,000 range before pushing the price up around $5,000.

Currently, they are repeating a similar pattern – forcing the price below $4,000 to eliminate weak sentiment before targeting the $5,500–6,000 range.

Short-term: Attention is needed on the liquidation zone.

If ETH drops 10%, an estimated $2.6 billion Long positions will be liquidated.

Conversely, if ETH rises 10%, $3.6 billion Short positions will be wiped out.

Considering market sentiment, most investors are still on the wrong side, and that makes the bullish scenario more plausible.

However, we need to closely monitor the inflation data from the United States to be released tomorrow, as this could be an important variable determining the short-term direction of ETH.