ETH Whale Pressure Alert: Bulls in Trouble, Beware of Double Kill
The bullish situation in the ETH market is facing severe tests, with whale-sized long positions under continuous pressure, and market sentiment shifting from exuberance to caution. The latest position data reveals that large-scale leveraged long positions are nearing the liquidation line. If the key support area is breached, it could likely trigger a chain liquidation, causing short-term volatility. At the regulatory level, it remains a double-edged sword—while the new UK regulations inject positive signals for long-term industry compliance, they have temporarily intensified market liquidity fluctuations, with a brief rise in risk-averse sentiment.
Despite maintaining a neutral to strong technical stance, the MACD momentum bars continue to shrink, indicating insufficient upward momentum and suggesting that further upward space is limited. Coupled with the restoration demand after overheated market sentiment, beware of the “double kill” tactic where the main force lures in longs with good news and then quickly dumps.
It is noteworthy that the current liquidation volume of long positions across the network is significantly higher than that of short positions, reflecting that the previously overly optimistic market sentiment is being corrected, and risk appetite is cooling down.
📊 Technical Analysis:
💰 Current Price: 3070.41 USDT
🟢 Key Support Level: 3041.1 (approximately 0.95% from the current price, close to strong support, with short-term long positioning value)
🟩 Support Range: 3041.1 – 3048.32, a recent dense transaction area, with strong buying expectations
🔴 Key Resistance Level: 3135.0 (1H level, 2.38% from the current price), a breakout requires volume support, beware of false breakouts
🟥 Resistance Range: 3095.0 – 3135.0, multiple technical pressures converge, becoming a major barrier for upward movement
💡 Strategy Suggestions:
• 🛒 Long Position Strategy: When the price pulls back to the support range, partial limit orders can be placed, paying attention to stabilization signals near 3041.1
• 🛑 Stop Loss Strategy: If it effectively breaks below 3041.1, indicating support failure, exit decisively to avoid risk
• 🎯 Take Profit Target: First look at the 3095 frontier resistance, after breaking through, it can probe the 3135 area, taking profits in stages for safety
• ⚠️ Risk Control: The market is at a turning point, avoid heavy positions, strictly control leverage, and guard against spikes and liquidity shocks
🧠 Core Logic: When the market is unclear, discipline is more important than prediction. In the stage of intensified bull-bear battles, maintaining rationality, positioning in line with the trend, and strictly adhering to risk control can help remain undefeated amid fluctuations $BTC
