Recently, the ETH market is about to surpass the previous high, and there hasn't been a significant pullback. This time, ETH is aiming for 4100, even if it may appear in the form of an upper wick long wick candle. This wave is definitely going to happen.

The reason lies in the on-chain liquidation chart, where there are two large short liquidation orders at positions 3999 and 4100. According to the current ETH pinpoint short-selling market, these two points are bound to be reached. A historic large pullback for ETH is about to come. I tend to think that it will break the previous high before pulling back, and the pullback will be unprecedented in strength, as the 4100 position just happens to be the last high point, which will bring about an epic selling pressure in both spot and futures.
Currently, about 700,000 ETH are queued to exit the Pos node queue, and it is expected to flow into the market in about 11 days. The liquidation of this portion of profits does not mean that the market can absorb it, so it is advisable to gradually enter short positions above 4000 points, anticipating a pullback below 3800.