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子墨 (
Zǐmò )
🚨 $ETH may not be done falling yet.
The liquidation so far still looks too small to trigger real panic. That makes me think the leverage cleanup may not be finished.
My September 29 view hasn’t changed:
📉 $2,560 is the first key support.
Lose it cleanly, and $2,360 comes back into focus.
Since August 18, we haven’t seen a major flush of 5–10x ETH longs. Until that happens, I’m not rushing to call a bottom.
#DailyOrbit
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