#ETH Ethereum this operation really made the contract players dizzy. After spiking to 3940 yesterday, it directly plummeted to 3727, and in the blink of an eye, it was pumped back to 3875, with a fluctuation of over 200 points back and forth.

Look at this data, in the past hour, the entire network had liquidations of 10.29 million dollars, of which short positions accounted for 9.07 million dollars, clearly indicating a targeted liquidation.
The strategies of the dog庄 are becoming more sophisticated. First, they fake a breakout to lure shorts, then violently crash the market to explode longs, and finally execute a V-shaped reversal to harvest the shorts. In such market conditions, you either ambush in advance to catch the wave or honestly wait and watch; those who chase highs and sell lows are treated as leeks.
The more intense the fluctuations, the more you need to control your actions; wait until the direction is clear before moving.
The position is very delicate right now, 3875 is exactly the 50% retracement level of yesterday's decline, whether it can hold will determine the subsequent trend.
The upper pressure at 3900 is strong, while the lower support at 3800 is solid. Short-term traders can buy high and sell low within this range, but remember to set stop losses.
Long-term players are just watching the show, waiting for the results of this round of long-short game before making a move. In the cryptocurrency world, choosing is more important than hard work! Follow the right people, and making money will come naturally!