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ETH Heat Clearing Analysis:
From the 3-day settlement chart, the major settlement hotspots are concentrated above 2630 and below 2429.
Long large liquidations are mainly at 2472 and 2429, and short large liquidations are mainly at 2630.
It is explained that the market generally has a positive outlook on the bullish trend. At this time, continuing to chase long positions is not a wise choice, as there is not much liquidation space above. On the other hand, there are large liquidations everywhere below, so it is appropriate to short during a rebound.
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