Ethereum is currently in a situation where there is not enough price movement to see the full picture. Ethereum On the surface, it looks heavy. It remains below the key moving averages, struggling to regain momentum and reacting violently to the resistance above. But behind the scenes, a very real tug of war is taking place between major companies who are making aggressive bets in opposite directions.
Ethereum between two flames
above Ethereuma blatant long-short confrontation has developed over the past two hours. One large wallet, 0x4607, opened a short with 4x leverage at approximately 3,840. Ethereumwith a deposit of $3 million. USDC. The position was worth approximately $11.86 million. At about the same time, another wallet, 0xfB66, opened a riskier 12x leveraged long at 10,000. Ethereumwith a deposit of $7.38 million, worth approximately $30.92 million. USDC.
This is a clash of beliefs, not an avoidance of noise. This tension is reflected in price trends. Near key decision zones, Ethereum is compressed. Not only is it unable to break out of the high, but it also cannot roll over smoothly. Buyers and sellers are attracted to declines and rebounds, respectively.
Will Ethereum volatility spike?
Such balance is usually required before sharp movements, as the leverage on both sides reduces the resistance to chop. At some point, someone gets kicked out. Technically speaking, Ethereum is still below the 200 EMA, maintaining the downward bias of the broader trend. The market remembers that level because it has already rejected the price many times. In contrast to previous declines, the momentum of the decline has also decreased.
Although the follow-through selling is unstable, the highs are still falling. For this reason, big players are happy to accept opposite bets here. Investors shouldn’t expect a calm continuation at this point. This setting prioritizes volatility.
Longs quickly become vulnerable if: Ethereum Loss of current standards and liquidation pressure could accelerate the decline. The most important lesson is not prediction, but positioning. When players use so much capital and leverage in the opposite direction, the market advertises opportunity and uncertainty at the same time.
