The short squeeze of ETH is extreme, and the daily chart has never fallen below the MA5 moving average.



A small-level pullback is an opportunity for bears to get on board. Once the chips are sufficiently accumulated, it will continue to move upward directly.

Currently, there are no plans to place any short orders, as there is a lack of cost-effectiveness; however, we will not blindly chase after rises.

If it stabilizes after a pullback to the 3690-3650 line, consider a long position, with targets at 3820, 3880, and 3950.
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