
时光预言机i|May 28, 2025 02:09
ETH broke through to 2720 after gaining support at 2520 yesterday, and this position has been suppressed by strong selling for three consecutive times. This means that ETH must break through the pressure of 2720 in order to further rise
4 hours have already started to show a strong exhaustion state, with downward support at 2580. It is worth mentioning that during the process of market downturn, ETH's open interest contract position has been at a high level. From the chart, it can be seen that long users are significantly greater than short users. Yesterday's market rally contract was the main driving force
I personally think it's time to clean up the long users. At least until around 2580-2550, the market is still in a wide range of fluctuations. There are reasons and basis for both long and short positions between 2720-2500
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