2025-12-27 03:26:49

What is the current situation of the Ethereum contract market? To put it plainly, leverage has accumulated to a dangerous level. Here’s the data: futures trading volume is $6.74 trillion, and the spot-to-futures trading ratio is only 0.2. In other words, for every $1 in spot trading, $5 is being bet on futures. Under this extreme leverage structure, any small movement could trigger a chain of liquidations.

From a technical perspective, ETH’s performance on the 4-hour chart is somewhat ambiguous. It surged to 3446 some time ago but then turned around. Currently, the price fluctuates between 2770 and 3100, with no clear direction. The 3100 level is a strong resistance; whether it can be broken determines if the market will reverse or continue to be pressured. The 2770 level is a key support; if it breaks, there could be further downside. In terms of volume, funds are flowing in and out, but no sustained directional momentum has formed. The MACD indicator is below the zero line, indicating short-term weakness. On the order book, sell orders slightly outweigh buy orders, and market participants are generally watching and waiting.

So, how to operate now? An aggressive approach is to try short positions near resistance levels and long positions near support levels, with a stop-loss in place once a breakout occurs. But this requires setting proper stop-losses to avoid getting trapped. A more conservative approach is to wait for confirmation of a breakout before adding positions. The most important thing is to control risk—avoid chasing highs or selling lows, and don’t over-leverage your position. The market’s fragility is higher than expected, especially in this high-leverage environment.

ETH0,42%

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MetaverseLandlord

· 12-27 03:55

5x leverage stacking, this is a powder keg --- Unable to break through 3100, waiting to be smashed back --- Don’t tell me about confirmation of breakout, it’s all fake breakouts now --- Set a stop loss? Bro, you’re overthinking it. The liquidation speed can wipe out your mentality --- Waiting and watching is the best strategy, everything else is gambling --- Every dollar has 5 dollars buried in futures, who dares to hold heavy positions? --- Trying small positions to test the waters sounds good, but in reality, you still get cut --- Even the MACD lower axis is like this, you should run when it rebounds --- In this environment, controlling risk ≈ not making money, a dilemma --- Again, talking about setting a good stop loss, but when the stop loss is triggered, the market has already collapsed

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MEVHunter_9000

· 12-27 03:53

5x leverage laying the foundation, it will explode sooner or later. --- If you can't break through 3100, you really need to run. --- This wave of market movement is just betting on liquidity; technical analysis has long been invalid. --- It's okay to test with a small position, but don't get caught in a false breakout; really. --- If it falls below 2770, I'll close my position immediately; I don't want to watch anymore. --- Feeling a bit anxious, like dancing on the edge of a volcano. --- MACD is so weak, any rebound is just a fake fall. --- Wait for a breakout before taking action; entering now just makes you cannon fodder.

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ImpermanentPhobia

· 12-27 03:52

Is this 5x leverage stacking here? One liquidation can send someone away. --- If we can't break 3100, I guess we have to go back to 2770, betting on this is a bit scary. --- Honestly, right now it's just a wait-and-see situation. I'm waiting for a breakout confirmation before acting, so I don't get repeatedly liquidated in this range. --- This leverage ratio is outrageous, feels like we're just waiting for the next black swan event... --- Trying with a small position is okay, but really don't skimp on setting stop-losses. High leverage environments can't afford losses. --- Lack of continuous momentum, the market is just grinding people down, it's still more comfortable to lie flat and observe. --- The day before yesterday I wanted to be aggressive and short, but now seeing how fragile this market is... forget it, saving my life is more important. --- 1:5 ratio? This isn't trading, it's gambling, brother. --- MACD is weak below, plus selling pressure is dominant, feels like there's still room for downside. --- Let's wait and see if there's an effective breakout; entering now has a high risk of being cut.

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SchrodingersFOMO

· 12-27 03:50

A 5:1 leverage ratio, this is just a powder keg. --- It's the same old story, small positions to cut losses and control risk. Easy to say, but no one listens when it’s time to act. --- If it can't break 3100, then it's time to run. Don't try to catch the bottom. --- How many people can be cleared out in this wave? I'm a bit looking forward to it. --- Only 0.2% in spot? Feels like pure gambling. --- Wait for a breakout before taking action. Anyway, rushing won't help. --- Come in if you're bullish on ETH. Our group really has a tough life. --- High leverage should be blown up. Serves them right. --- If it falls below 2770, go all-in short. No belief in superstition.

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FromMinerToFarmer

· 12-27 03:49

1:5 leverage ratio is outrageous, a single bearish signal can wipe out the entire position, this market could explode at any time 2: Let's see if 3100 can hold, if it breaks, I'll liquidate my positions and run 3: Who dares to hold heavy positions in this situation? Funds are all on the sidelines, no one is willing to buy in 4: MACD is still lying below, don't think about bottom fishing in the short term, wait a bit longer 5: Light a cigarette and watch when the sellers admit defeat, don't get caught in a dead trap 6: This is the consequence of high leverage, should have exited earlier, now you're just looking for death 7: If 3100 can't hold, it will continue to fluctuate; once it falls below 2770, it will be slaughter 8: I dare not try with a small position; at this point, stop-loss won't save you at all 9: The market is so fragile, yet you're still thinking of chasing rallies and selling dips? Tired of living, huh? 10: Forget it, wait for the breakout to be confirmed before acting; entering now is just gambling

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WalletsWatcher

· 12-27 03:44

5x leverage stacking, this really can't hold up anymore --- Again bouncing around 2770, looking at the order book, you can tell no one dares to buy in --- It's ridiculous, only 20% in spot, while the futures side is growing wildly --- If 3100 can't be broken, just wait for the continued decline, don't listen to those motivational talks --- Still being aggressive at this point? Aren't you afraid of liquidation, brother? --- Have you set your stop-loss? If not, prepare to lose everything --- MACD is crossing again, volatility is about to continue --- For every dollar in spot, there are 5 dollars in futures, this leverage is truly a ticking time bomb

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BakedCatFanboy

· 12-27 03:30

Playing with 5x leverage is playing with fire, sooner or later it will blow up --- Unable to break through 3100 and still hesitating, it's painful to watch --- Stop trying light positions for trial and error, one gap in this market will wipe you out completely --- Who dares to hold heavy positions in this environment? I'm now in a wait-and-see mode --- MACD below the zero line is a signal, do you still dare to go long? --- Spot and futures ratio is 5x, a single piece of bad news can cause a sudden crash --- Waiting for confirmation of a breakout before acting? The yellow flower has already withered, brother --- If the 2770 support is broken, I will run immediately, not gambling on this --- Leverage stacked like this, liquidation is like a timed bomb

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