$ETH Approaching 3500 dollars! Are the shorts sitting on a 'powder keg'?
In the past 24 hours, $ETH has remained above 3160 dollars, driven by two major engines: the official launch of the Fusaka upgrade, significantly enhancing network performance and Layer2 efficiency; at the same time, the US spot ETF has absorbed 140 million dollars in institutional funds in a single day, with zero outflows! Even more exciting is the data showing that there are currently over 3 billion dollars in ETH short positions hanging around the 3500 dollar mark—once the price breaks through, it could trigger a cascade of liquidations, driving the price up rapidly.
On-chain activity isn't quiet either: the 'shark wallet' added 190,000 in a single day, with retail investors poised for action; traditional giants like Charles Schwab plan to open ETH trading next year, with the door to mainstream adoption swinging wider.
However, risks are also accumulating: a giant whale has been continuously transferring over 30,000 ETH to exchanges since the end of October, posing significant potential selling pressure; the MACD has shown a bearish crossover, indicating a weakening short-term momentum; expectations for interest rate hikes from the Bank of Japan are rising, which may lead to a pullback in overall risk assets. Both bulls and bears are currently in a critical battleground.
If considering operations, it's advisable to closely monitor the critical defense line of 3500 dollars; a breakthrough would greatly increase short risks, but chasing highs requires caution regarding overhead resistance and whale movements. Please remember: this content is for informational sharing only and does not constitute any form of investment advice; be sure to participate with small amounts, set strict stop-losses, and maintain sufficient funds to cope with the market's volatile conditions! #ETH走势分析 #美联储重启降息步伐
