After liquidating 90% of profit positions, Ethereum's price indeed retreated to around 3100. Interestingly, it did not stop there—instead, it chose to add to its position. The initial opening price was gradually lowered from 3134 to 3103, with a clear goal: as long as it can hold above 3100, it’s stable. This strategy of increasing positions at key support levels, compared to the trends of mainstream cryptocurrencies like Bitcoin and Solana, reflects a cautious optimism among market participants regarding recent market conditions. The more stable the price support level, the higher the probability of subsequent upward movement.
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BlockchainWorker
· 14h ago
Holding 3100 is really stable now. This round of increased position is a bit aggressive.
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LightningAllInHero
· 14h ago
Hold the 3100 line, this is the signal.
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StakeWhisperer
· 14h ago
3100 is really a cursed level; whether to add more depends on if we can hold this position.
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UncleWhale
· 15h ago
The 3100 level needs to hold, otherwise we'll have to start over again.
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SignatureLiquidator
· 15h ago
If 3100 can't hold, the rebound is just a bear trap.
After liquidating 90% of profit positions, Ethereum's price indeed retreated to around 3100. Interestingly, it did not stop there—instead, it chose to add to its position. The initial opening price was gradually lowered from 3134 to 3103, with a clear goal: as long as it can hold above 3100, it’s stable. This strategy of increasing positions at key support levels, compared to the trends of mainstream cryptocurrencies like Bitcoin and Solana, reflects a cautious optimism among market participants regarding recent market conditions. The more stable the price support level, the higher the probability of subsequent upward movement.