#特朗普数字资产政策新方向 Ethereum is honestly in a bit of an awkward spot right now. Trading volumes on several platforms in South Korea are declining, but interestingly, XRP and $ETH —these veteran coins—still occupy the top spots on the trading charts, which means the market's attention hasn't really faded.

Looking through the liquidation data from the past day, I found that the global amount of Ethereum liquidations is actually not small. What's more noteworthy is that long positions are being liquidated more than shorts by a significant margin—especially when looking at the four-hour and twelve-hour periods. This round of volatility has clearly shaken out a batch of bottom-fishing funds.

This usually signals a shift in sentiment, though it's not yet a complete reversal.

Back to the technicals, the key levels mentioned before still hold: can the upper level at 3179 break out with volume? Will the lower level at 3157 be breached? The short-term trend basically depends on the battle between these two points. If the price continues to fluctuate within this range, it's likely to remain in a flag consolidation pattern; but once a direction is chosen, the volatility could exceed expectations.

My feeling is we're currently at a critical juncture of fierce long-short competition, with neither side having a clear advantage.

In terms of trading, I suggest not rushing to pick a side—let the market show its hand before making a move.

Remember this: until support and resistance levels are truly broken, all the ups and downs could just be a feint.