$ETH ETH contracts surged over two days, targeting the upper Bollinger Band resistance level, with 7.1 billion in open interest representing aggressive leveraged capital bets. The rally driven by euphoria masks underlying concerns, overbought signals have appeared, resistance is heavy above $3200, and billion-dollar liquidation risks lurk beneath the surface. Clarity is needed amid the feast; chasing rallies at high levels is like treading on knife blades; be vigilant of chain reactions and pullbacks as sentiment cools, holding positions is key to standing firm amid volatility.
$ETH ETH contracts surged over two days, targeting the upper Bollinger Band resistance level, with 7.1 billion in open interest representing aggressive leveraged capital bets. The rally driven by euphoria masks underlying concerns, overbought signals have appeared, resistance is heavy above $3200, and billion-dollar liquidation risks lurk beneath the surface. Clarity is needed amid the feast; chasing rallies at high levels is like treading on knife blades; be vigilant of chain reactions and pullbacks as sentiment cools, holding positions is key to standing firm amid volatility.