Is Ethereum really a bit nauseating?
Due to the excessive long positions in Ethereum, the current long entry rate is more than ten times that of the shorts, and after a slight increase, it has not risen further.
As the bears, we hope it can rise to around the 3260-3350 range while still having our basic positions, but it keeps struggling to go up. Since there has been a lot of information shared recently, we won't reply to each one individually.
In summary, two points:
1. Wait for Ethereum to approach the 3260 area before adding to our positions; those who haven’t built positions in parts can start to build a short position in Bitcoin.
2. Wait for Ethereum to drop below 3000 and then rebound to around 3080 before adding to our positions.
The above content represents the opinions of Jin Gui speculators and is for reference only.
