The market turned highly bullish on Ethereum (
ETH) as open interest (OI) surged to all-time highs (ATHs), indicating strong trader participation and expectations of further price appreciation. However, instead of continuing its upward momentum, Ethereum's price formed a swing failure pattern (SFP) at the highs. This means the price briefly moved above a key resistance level, luring in breakout traders, only to reverse sharply and trap those who went long. Such a move is often a liquidity grab, where large players push the price up to trigger stop-losses and liquidate positions before driving the market in the opposite direction.
ETH) as open interest (OI) surged to all-time highs (ATHs), indicating strong trader participation and expectations of further price appreciation. However, instead of continuing its upward momentum, Ethereum's price formed a swing failure pattern (SFP) at the highs. This means the price briefly moved above a key resistance level, luring in breakout traders, only to reverse sharply and trap those who went long. Such a move is often a liquidity grab, where large players push the price up to trigger stop-losses and liquidate positions before driving the market in the opposite direction.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.