Ethereum crash storm warning: short-selling forces are surging, and the market may usher in a deep correction!

In the turbulent cryptocurrency market, the trends of Ethereum (ETH) and Bitcoin (BTC) have attracted much attention. Currently, the price of ETH is hovering around 3,700, with a drop of -2.2067,512.01, a drop of -1.28%. Although it seems that there is money trying to support the prices of these two giants, short-selling forces have been gathering in secret, and a crash storm may be ready to go.

The delicate balance of the market is being broken. After a long period of sideways trading, it often indicates greater fluctuations. Ethereum has fluctuated in the range of 3600~3900 for four consecutive days. Under the seemingly calm surface, there are actually undercurrents. Ethereum, which lacks upward momentum, will not last long in its sideways trend, and the risk of falling is accumulating rapidly.

The trend of Bitcoin is also not optimistic. Yesterday morning, the price of Bitcoin once rose to a high of 70688, but then it started to fall. At 12:00 noon, Bitcoin fell below the important support point of 68,000, and market sentiment quickly cooled down. As of 2 a.m. today, the price further fell to a minimum of 67,264, which is exactly the same as the analysis of the previous day.

Now, we warn again: Ethereum is very likely to experience a deep correction this week. The short forces are ready. Once the dealer withdraws funds, the price of Ethereum will plummet to 3,500, and may even hit a low of 3,430. This is a contest between shorts and longs, and also a venting of market sentiment. In this storm, investors need to remain vigilant and operate cautiously.

Please note that the cryptocurrency market is highly volatile, and any prediction is subject to certain uncertainty. This article is for reference only, and investors need to make decisions based on their own risk tolerance and investment goals.

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