#BinanceBlockchainWeek $ETH

Ethereum has been consolidating for quite a while. Although there is a bit of improvement now, there is significant selling pressure above — those long positions are still trapped, and if things go wrong, it could trigger a second wave of selling, directly breaking through the 2500 support level.

My thought? You can look for shorting opportunities in the range of 2850 to 2900. Right now, it's a standard oscillating pattern. After this round of digestion, it's very likely that we will see a directional breakout.

ETH7%

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AirdropNinja

· 13h ago

Here comes the short positions rhetoric again, but I am bullish. --- I’m not afraid even if 2500 breaks, looking bullish in the long term. --- This time it won’t be that simple, I feel like there will be a reverse breakout. --- There are too many traps, better to wait and see. --- Shorting? I don’t believe you can hit the right timing. --- Let’s wait and see, don’t rush to get out of positions. --- I can’t make money during this period. --- How's the support below, no one mentioned it. --- The loss-making positions have already run away, stop being so pessimistic.

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ZkSnarker

· 13h ago

well technically the bagholders at 3k+ aren't liquidating, they're just... quietly suffering. imagine if that 2500 support actually breaks lol—whole different game

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blockBoy

· 13h ago

2850 short order has been set, now we just need to see if it can break 2900.

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MemeEchoer

· 13h ago

Bro, can 2500 really break? I think it's unlikely, the long positions aren't that weak. --- Here we go again with the shorting, I won't follow this time, I got burned badly last time. --- Wait, this logic feels a bit confusing, rise first then fall? Or just crash directly? --- Shorting at 2850-2900? Laughable, to not buy the dip at this level and instead short, that's some serious guts. --- After so long, can we really break the defense? I think we'll likely see a rebound again. --- Sideways is just building up strength, can't just blindly look to short.

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GasFeeNightmare

· 13h ago

Going to short again? You lost pretty badly the last time you said that.

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FlashLoanPrince

· 13h ago

There are so many loss-making positions, if 2500 breaks, I really won't understand it. --- After being sideways for so long, is it a short squeeze or dumping? We’ll see who loses their patience first. --- Shorting at 2850-2900? I feel like this point needs to wait a bit longer. --- Again, it's this "high probability breakthrough"—who knows the direction? Betting right or wrong is all about luck. --- Long positions are holding on, short positions are building up, and we suckers are caught in between, just like that. --- Breaking through 2500 is no small matter, it could be quite tragic. --- To put it bluntly, it’s just not knowing whether to rise or fall, just waiting for signals.

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