Will ETH face short-term risks after breaking through the descending channel? Whales accumulating vs. extreme position skew

Question

【Crypto World】Ethereum's recent rebound is no simple feat. The price has completely broken through a multi-month downtrend channel, and RSI divergence is signaling a bullish outlook, which originally suggested a potential trend reversal. However, on the short-term chart, hidden bearish divergence is ringing alarm bells—simply put, the upward momentum has not yet fully stabilized.What’s more concerning is the liquidation risk. Over $2.2 billion in long leverage positions are stacked near the current price, all of which are potential bombs ready to be liquidated. On-chain, we see whales quietly accumulating, and the spot market shows positive signals, but the derivatives market's position distribution is extremely uneven, adding uncertainty to ETH's short-term trajectory.In short, there is upward momentum, but the risks should not be underestimated.

ProxyCollector · Accepted Answer

I also wanted to follow when the whales bought, but this divergence signal is really hard to hold... Let's wait and see if I can catch the bottom before making a move.

GateUser-44a00d6c · Answer

Whales accumulate funds, but retail investors should still be cautious about liquidation risk... With such high leverage, are you really not afraid of going all-in?

consensus_whisperer · Answer

Whale accumulation sounds good, but the leverage is also too outrageous... A single pullback could easily lead to a bloodbath.

BearMarketSurvivor · Answer

Breaking the channel doesn't mean breaking the game. With such high leverage on the long side, liquidation risk is the real bomb. Whale accumulation? That's just a smokescreen; the key is who drops out first.

GhostInTheChain · Answer

Whale accumulation, just go ahead with whale accumulation. Anyway, with such high leverage, a washout is inevitable sooner or later. I'll just stay on the sidelines for now.

HodlVeteran · Answer

Long leverage is so high, whales are accumulating, I've seen this trick before... In 2018, I was taught this way to learn the ropes.

Breaking through the channel and wanting to jump in? Bro, the liquidation risk is right there, don't go all-in.

Bearish divergence and such things are often signs of a market turning around, my painful lessons.

It's not that you can't buy, just don't be fully invested; retail investors are so vulnerable.

This time, the whale accumulation feels a bit off, like they're paving the way.

I'm still confident in Bitcoin, but I need to watch ETH's momentum a bit more.

As I get older, I prefer to play it safe; leverage isn't suitable for an old chives like me.

The liquidation wave is coming, everyone buckle up and stay safe.

NullWhisperer · Answer

bearish divergence hiding in plain sight... technically the whales buying into a potential liquidation cascade is either genius or we're about to see some spicy rekt moments. haven't decided which yet

MEVHunterX · Answer

Whales are accumulating, but leverage is still increasing. Are we far from a liquidation?

tx_or_didn&apos;t_happen · Answer

Whale accumulation sounds quite sincere, but what's going on with this divergence... With so much leverage on the bulls, one sharp drop and it's a liquidation show.

Hash_Bandit · Answer

been here since the gpu mining days, and this eth breakout got the same energy as 2016... sure the whale accumulation is reassuring but that leverage sitting up there? that's basically a loaded gun waiting for some cascading liquidations ngl. seen this movie before and it usually doesn't end well for the overleveraged crowd

Will ETH face short-term risks after breaking through the descending channel? Whales accumulating vs. extreme position skew

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