The 1.43 billion USD short positions bomb hanging over Ethereum has now started its countdown.

This round of plummet may not be the end, but rather a prelude to a reversal. Why do I say that?

First, let's look at the data: long positions have suffered heavy losses in this wave of decline, with a daily liquidation amount reaching 210 million USD. After the weak hands have been completely cleared out, the burden on the bulls has actually been lifted. What is truly worth paying attention to? It is the massive 1.43 billion short positions stop-loss orders around 2880—that's not a resistance level, that's a powder keg.

Looking at the support again: the price of 2710 has been tested twice without breaking down, and the support strength exceeds expectations. Now ETH is consolidating around 2750, what is the market brewing?

If you are ready to participate in this market trend, you can refer to this idea:

Consider building positions in batches near 2790. If it pulls back to 2760, you can increase your position size. Set the stop loss below 2690, and exit immediately if it breaks below.

Where is the target? The first stop is at 2850, and the second stop is at 2920 — that is the outbreak point for short positions.

There is a saying in the market: the market trend is not driven by growth, but by squeezing. When short positions start to trigger a chain of stop-losses, prices often experience unexpected volatility.

The current trend of Ethereum is indeed very intense.