There has been a sharp decline in the funding rate for ETHUSDT, as well as a sharp decrease in the long:short ratio (more traders are shorting ETH now). This very much is the same pattern seen in the 2020 March COVID-19 crash. Buying the blood with moderate leverage (3x to 5x) seems like good risk:reward.
Note
A top Japanese trader on 2ch is saying he sees $2.6k ETH in the next 24 hours. he is rank 15 on the FTX leaderboard.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.