ETH: Summary of the Theafiro Community Discussion (06:00:07 ~ 07:00:07)

1. Current recommendation leans towards a cautious wait-and-see approach or short-term tentative short short: ETH has fallen below the $3,000 mark, and whale long positions are experiencing significant floating losses, indicating substantial selling pressure in the short term and a risk of further decline. There are no clear signs of overextended upward movement or a strong rebound; traders should be wary of pullback pressure from the bulls. 2. Position and Risk Management Recommendations: It is recommended to use small positions for initial trades and avoid heavy positions chasing the market upwards, especially given the current unrealized losses of over $38 million for whale long positions, indicating concentrated risk. Pay close attention to the $3000 support level and the potential unrealized losses of open positions, setting strict stop-loss orders to prevent margin calls. It is suggested to enter and exit trades in batches to avoid large, one-time positions. 3. This trading style is more suitable for aggressive short-term traders, emphasizing quick entry and exit and avoiding prolonged positions. Current market sentiment is bearish, and the short-term trend is unclear, making it unsuitable for conservative medium- to long-term holding. Close monitoring of fund flows and key price levels is crucial to avoid sharp fluctuations caused by whale liquidations.