Click on the link to enter Tencent Meeting: https://meeting.tencent.com/p/9850662513 On September 13th, Ethereum (ETH) rebounded strongly and challenged the $4800 pressure zone, triggering a large-scale bear squeeze. In the past 24 hours, the total amount of liquidated positions in the cryptocurrency market reached 438 million US dollars, of which 323 million US dollars were short positions. The victory or defeat of this long short battle will determine whether ETH breaks through historical highs or falls to lower support levels. Currently, Ethereum is at a critical technological decision-making point. The $4800 level has become the focus of competition between long and short sides. This price point is not only an important psychological barrier, but also a neck line resistance level on the technical chart. If ETH can effectively break through, it will open the way to a new high above $5000. However, if blocked again at this price point, the price may fall back to the $4200-4400 range seeking support. The market vulnerability is obvious, and the clearing threshold for long and short positions is close. 【 02 Short positions are squeezed, with astonishing liquidation amounts 】 The latest data shows that over 150000 people have been liquidated in the cryptocurrency market in the past 24 hours, with a total liquidation amount of $411 million. Among them, the losses of short positions were particularly severe, with short positions selling for 324 million US dollars. The Ethereum liquidation amount reached $143 million. This bearish massacre was mainly triggered by the compression of a large number of accumulated bearish positions, and the forced liquidation wave drove prices to soar rapidly. 【 03 Fund Trends Suggesting Market Divergence 】 The data on capital flow shows significant divergence in the market. In the past 24 hours, the centralized exchange (CEX) has accumulated a net inflow of 7627.44 ETH. Among them, Binance received 32700 ETH, OKX received 11200 ETH, and Bitfinex received 21800 ETH. This difference in flow reflects the different views of different trading groups on the future judgment. Macro environment provides favorable support The expectation of the Federal Reserve's interest rate cut provides macroeconomic support for the cryptocurrency market. The market generally expects the Federal Reserve to announce the first round of 25 basis points interest rate cuts at its September meeting, which could be the beginning of a series of rate cuts. Deutsche Bank even predicts that the Federal Reserve will have three interest rate cuts in the remaining time of 2025. The interest rate cutting environment is usually favorable for risk assets, including cryptocurrencies. 【 05 Future Trends: Two Possible Paths 】 Technical analysts point out that ETH is currently at a crossroads, facing two possible paths. Bullish breakout scenario: If the daily closing price remains stable above $4800, it may confirm the Adam and Eve bottom reversal pattern, pushing the price towards the $5500 target. - bearish pullback scenario: If ETH fails to break through key resistance, it may fall back to test the $4200-4300 support area, and may even further explore the $3500-3800 demand area. Institutional analysts predict that if ETH breaks through the key resistance of $4800, it may rise to $5500; If the support is lost, it may explore the demand zone of $3500-3800. The collision between the expectation of Fed interest rate cuts and market technology has put ETH at a critical historical juncture. Investors should closely monitor the breakthrough result of $4800, which is likely to determine the direction and strength of Ethereum's closing trend this year. Operation suggestion: BTC 115500 long, first target watch 116550, second target watch 117765; ETH 4655 long, first target is 4710, second target is 4765. Join the language community communication group to obtain more services 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system- 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Every day, there are teachers in the group who provide precise positioning to answer questions and offer free guidance. Tencent Meeting Live: 985-066-2513 DingTalk Group Number: 120320009032 Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.

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