An epic pullback of ETH may be just 10 days away!

This time ETH is aiming for 4100, even if it may appear in the form of an upper shadow pin bar, this wave is definitely going for it.

The reason lies in the on-chain liquidation chart, where there are two large short liquidation orders at the positions of 3999 and 4100. According to the current ETH fixed-point short-squeeze market, these two points must be reached.

However, the epic pullback of ETH is about to come. I am more inclined to think that it will break the previous high before pulling back, and the strength of the pullback will be unprecedented, as the 4100 position is exactly the previous high point, which will lead to an epic sell-off pressure from both spot and futures.

Currently, approximately 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 realization of profits from this portion is not something the market can digest easily, so it is advisable to gradually enter short positions above the 4000 points, anticipating a pullback below 3800.