#ETH走势分析 Ethereum this pullback may be brewing a Reverse play people for suckers.

A total of 210 million USD in long positions were liquidated in a single day. What does this mean? Those long positions with excessive leverage and insufficient capacity have already exited, resulting in a significant reduction of floating chips in the market. With less selling pressure, the resistance for subsequent rebounds will naturally weaken.

More importantly, the 2884 level is where $1.43 billion in short stop-loss orders are piled up. This is not an ordinary resistance level, but a ticking time bomb. Once the price touches this level, a large number of shorts will be forced to buy back, instantly creating a stampede of buying pressure that drives the price up rapidly.

From a technical perspective, ETH has held the support at 2718 during two dips. This level has formed a relatively obvious support, which can be considered as a reference for the short-term bottom. The current price is oscillating around 2750, and there is still some space away from the upper area of concentrated short positions. From the risk-reward ratio perspective, the current position is not bad.

If you want to lay out your strategy, consider entering the market in batches in the range of 2790-2800. If it pulls back to around 2760, the value for money at this position will be higher—of course, the premise is that the support must not break. In terms of risk control, it is recommended to set the stop-loss below 2690. Once it breaks, it indicates that the logic has failed, and you should leave if necessary; don't argue with the market.

Looking up at two targets: the first level is 2850, breaking through here basically confirms the rebound trend; the second level is around 2920, this position will officially trigger the stop-loss orders for the 1.43 billion dollars in short positions. At that time, if the shorts collectively stampede, ETH may face a rapid surge.

The market has just experienced a significant pullback, and now the question is not whether it can rebound, but when it will rebound and how strong the rebound will be.