Shorting ETH is risky ⚠️ Too many shorts are piling up right now. If the price breaks above $4,500, $1.32B in shorts will get liquidated. If it drops below $4,300, $360M in longs will get wiped. With the rate cut narrative heating up, odds are high we’ll see ETH test $4,500 soon.
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$ETH - Supertrend supports have made for great buy zones when it's in a bullish uptrend. This is where the buy zones come from.
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$BTC price tanked due to the PPI data, but spot premiums are surging—classic futures-spot divergence. Once US markets open, as long as the premium doesn’t fade with price tonight, there’s a good chance we’ll see a rebound tomorrow. Didn’t short because I hesitated, so now it’s time to look for long opportunities!
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