1. Current Recommendation: ETH is best approached with a wait-and-see attitude in the short term. Whales have ended their months-long hoarding by sending 3246 ETH to a CEX, and their paper losses are significant, indicating short-term selling pressure. The Lido DAO's proposed $20 million LDO buyback suggests a bottom testing signal, but ETH as a whole shows no clear signs of overextending itself. It is recommended to wait for a pullback confirmation before considering establishing a position. 2. Position Size and Risk Management Recommendations: It is recommended to enter with a small position, avoiding chasing highs. Pay attention to the short-term selling pressure risk caused by the inflow of 3246 ETH into the CEX. The stop-loss can be set below the pullback confirmation support level, and the take-profit should be adjusted flexibly according to market sentiment and changes in macroeconomic risk events. Heavy positions are not advisable in the short term; gradual additions should only be based on clear pullback stabilization signals. 3. Suitable Trading Style: Suitable for conservative medium-term investors, based on the catalysts of the Lido DAO buyback proposal and whale activity. Aggressive short-term traders should avoid frequent speculation, as the current risk is high. Remember, "a rebound is a window to escape," so quick entry and exit are advisable; avoid holding positions for too long. The overall strategy emphasizes risk control; wait for market clarity before adding to positions.
ETH: Summary of discussions in Orange's muted group (daily market analysis) (09:00:12 ~ 10:00:12)
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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