Bull to bear ratio 79% vs 21% (Bullish sentiment accounts for 79%). Interpretation: Market sentiment is extremely bullish, which is often a warning sign (retail investors are overly long). Once the trend reverses, it can lead to “longs hitting longs” (liquidations and stop hunts). Current trend: Short-term bullish (uptrend), with price moving along the upper band of the Bollinger Bands. Key levels: Resistance: 1,981.58 (Bollinger Band upper band) and 1,987.00 (previous high). Support: 1,951.71 (Bollinger Band middle band) and 1,933.96 (SAR indicator). Bullish crowding: 79% long positions indicate overheated market sentiment, caution for a pullback. Upward selling pressure: Market depth shows large orders above, requiring increased volume to break through. Trading advice: If you want to go long, wait for a pullback to around 1,950 for stabilization before entering, with a stop loss below 1,930; or chase longs after breaking through the 1,981 resistance level.
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Z77
· 15h ago
Happy New Year! Nothing special to give, so I'll give you two phrases: May everything go smoothly for you and may you earn more US dollars. Wishing you all the best and more Bitcoin earnings, prosperity and more British pounds, with the sky above and the earth beneath, gold and silver covering the ground, and your account filled with USDT every day. Yay✌🏻✌🏻✌🏻✌🏻✌🏻✌🏻✌🏻
Today’s Ethereum Trading Sentiment
Bull to bear ratio 79% vs 21% (Bullish sentiment accounts for 79%).
Interpretation: Market sentiment is extremely bullish, which is often a warning sign (retail investors are overly long). Once the trend reverses, it can lead to “longs hitting longs” (liquidations and stop hunts).
Current trend: Short-term bullish (uptrend), with price moving along the upper band of the Bollinger Bands.
Key levels:
Resistance: 1,981.58 (Bollinger Band upper band) and 1,987.00 (previous high).
Support: 1,951.71 (Bollinger Band middle band) and 1,933.96 (SAR indicator).
Bullish crowding: 79% long positions indicate overheated market sentiment, caution for a pullback.
Upward selling pressure: Market depth shows large orders above, requiring increased volume to break through.
Trading advice: If you want to go long, wait for a pullback to around 1,950 for stabilization before entering, with a stop loss below 1,930; or chase longs after breaking through the 1,981 resistance level.